CLOSING ACCOUNT Definition

Bookmark and Share

CLOSING ACCOUNT is the determining the balance of an account and posting an entry to offset such balance.

Learn new Accounting Terms

FINANCIAL ENGINEERING is a process involving the creation and combination of a variety of financial instruments in order achieve a defined financial objective within certain cost, tax and legal constraints, e.g. combining or dividing existing financial products to create new financial products.

CATS is Certificate of Accrual on Treasury Securities; a zero ­coupon bond created by stripping Treasury bonds.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.