Meaning Accumulation account
What does Accumulation account mean? Here you find 4 meanings of the word Accumulation account. You can also add a definition of Accumulation account yourself
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Accumulation accountAn account, typically associated with Universal Life insurance plans, to which funds are added and from which risk charges are deducted. The balance earns interest.
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Accumulation accountAn account established by the sponsor of a unit investment trust into which securities purchased for the portfolio of the trust are placed until the trust is formally created and the securities are de [..]
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Accumulation accountA holder record maintained in CHESS by a broker to facilitate settlement of CHESS approved securities with clients who are not participants.
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Accumulation accountThis is an account in a super fund which operates on an accumulation basis, where contributions earn investment returns (which can be positive or negative).
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| << Accidental direct physical loss | Additional insured/additional interest >> |
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