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What (who) is joint account - definition
Joint account
SHARED BANK ACCOUNT
Joint Account; Joint bank account; Mutual account
A joint account is a bank account that has been opened by two or more individuals or entities. Joint accounts are commonly opened by close relatives (such as by a married couple) or by business partners, but it can be used in other circumstances, such as by a club committee.
joint account
SHARED BANK ACCOUNT
Joint Account; Joint bank account; Mutual account
¦ noun a bank account held by more than one person.
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.
Examples of use of joint account
1. I had a joint account, now defunct, with Halifax.
2. The two had their joint account at Bank Discount‘s Ein Karem branch in Jerusalem.
3. Nearly half of all couples now have separate bank accounts, with just 35 per cent only having a joint account.
4. "I‘ve changed the locks Mark, burnt your clothes and emptied OUR joint account – to pay for this poster.
5. Prospective donors can deposit their money in the joint account No. 33 at National Commercial Bank," he said.