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What (who) is general account - definition
General account
A general account generally refers to the combined or aggregate investments and other assets of an insurance company available to pay claims and benefits to which insured entities or policyholders are entitled. The general account may also be considered everything that is not represented by a separate accounts of the firm, if such separate account has been established by the company.
Controlling account
ACCOUNT IN THE GENERAL LEDGER FOR WHICH A CORRESPONDING SUBSIDIARY LEDGER HAS BEEN CREATED, ALLOWING FOR TRACKING TRANSACTIONS WITHIN THE CONTROLLING ACCOUNT IN MORE DETAIL
Control Account; Control account
In accounting, the controlling account (also known as an adjustment or control accountcontrol account definition in Financial Times lexicon) is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
checking account
![1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts](https://commons.wikimedia.org/wiki/Special:FilePath/1967 Midland Bank letter on electronic data processing.JPG?width=200 "1967 letter by the [[Midland Bank]] to a customer, informing on the introduction of electronic data processing and the introduction of account numbers for current accounts")
FINANCIAL PRODUCT
Share draft; Checking account; Demand deposit account; Demand Deposits; Other Checkable Deposits; Checkable deposit; Checkable deposits; Checking deposits; Checking Deposits; Checking Accounts; Chequing account; Demand Account; Current account (banking); Checking accounts; Demand account; High yield checking account; High Yield Checking; Reward Checking; Commercial account; Business account; High-yield checking accounts; High-yield checking account; Current accounts; Transactional account; Payment account
(checking accounts)
A checking account is a personal bank account which you can take money out of at any time using your cheque book or cash card. (AM; in BRIT, usually use current account
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N-COUNT
Examples of use of general account
1. He said the general account of the meeting sounded plausible but did not offer details.
2. But his general account matches in tone others that have slowly emerged from the front lines of the long conflict.
3. The Senate Finance Committee is looking into temporary ways to refinance the trust fund, including redirecting some transportation–related taxes that now go into the government‘s general account and clamping down on gas tax fraud.
4. As a result, total spending on the general account – which does not include a second budget known as the Fiscal Investment and Loan Programme (FILP) – is likely to fall below Y80,000bn for the first time in eight years.
5. The report notes that the funds operated via a "splitting fund" (whereby assets are purchased for a general account and are divided among the funds at the day‘s end or the following morning). There was, however, one fund, similar to Hermon, that is apparently some Prisma manager‘s pet project, and is run differently – explaining why that fund lost only 1.2% in January.