GROSS CONTRIBUTION Definition

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GROSS CONTRIBUTION is the starting amount prior to any relevant deductions have been made to the gross amount, e.g., Gross Contribution to Margin.

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TRUST ACCOUNT is a separate bank account, segregated from a brokers own funds, in which the broker is required by state law to deposit all monies collected for clients; in some states called an ESCROW ACCOUNT.

CONTRA REVENUE ACCOUNT is an account that is offset against a revenue account on the income statement.

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