sub account

  

Definition

Segregated account maintained under a safekeeping agreement with a bank. Funds in a sub account can only be used according to the terms of the agreement, and may not be used to setoff the accountholder's any loan with the bank.

Use sub account in a sentence

Related Videos




http://www.businessdictionary.com/definition/sub-account.html

Have a question about sub account? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z