ADJUNCT ACCOUNT Definition

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ADJUNCT ACCOUNT is an account that accumulates either additions or subtractions to another account. Thus the original account may retain its identity. Examples include premiums on bonds payable, which is a contra account to bonds payable; and accumulated depreciation, which is an offset to the fixed asset.

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UNDERWRITERS SPREAD see UNDERWRITERS DISCOUNT.

RECORD DATE, in securities, is the date for determining who is entitled to payment of principal and interest on a security.

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