account party
account party. The customer in a letter-of-credit transaction. — Also termed applicant.
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multiple party account
An account that has more than one owner with a current or future interest in the account. • Multiple-party accounts include joint accounts, payable-on-death (P.O.D.) accounts, and trust accounts. Unif. Probate Code § 6-201(5).
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multiple-party account
multiple-party account 多方账户 多方账户有三种形式：１联合账户〔joint account〕；２活期账户〔P.O.D. account〕；３信托账户〔trust account〕。不包括合伙企业、合资企业或其他商业机构为其资金存款而开立的账户，也不包括由一个或多个经由公司、非法人组织、慈善机构或公益组织正式授权的代理人或受托人控制的账户或非由存款协议建立关系的普通信托账户。
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senior party
senior party. Intellectual property. In an interference proceeding, the first person to file an application for a property’s legal protection, e.g., an invention patent or a trademark registration. • In the United States, merely being the first to file does not entitle the party to the protection. The proceeding’s administrator also takes other factors into
accounting
accounting. 1. The act or a system of establishing or settling financial accounts; esp., the process of recording transactions in the financial records of a business and periodically extracting, sorting, and summarizing the rec-orded transactions to produce a set of financial records. — Also termed financial accounting. 2. A rendition of an account, either voluntarily
joint account
A bank or brokerage account opened by two or more people, by which each party has a present right to withdraw all funds in the account and, upon the death of one party, the survivors become the owners of the account, with no right of the deceased party’s heirs or devisees to share in it.
custodial account
An account opened on behalf of someone else, such as one opened by a parent for a minor child. • Custodial accounts most often arise under the Uniform Transfers to Minors Act (1983). All states have enacted either that act or its earlier version, the Uniform Gifts to Minors Act. Property can be set aside
applicant
applicant. 1. One who requests something; a petitioner, such as a person who applies for letters of administration. 2. ACCOUNT PARTY.
compte arrêté
compte arrêté (kawnt a-ray-tay). [French “settled account”] An account stated in writing, and acknowledged to be correct on its face by the party against whom it is stated.