JOINT ACCOUNT Definition

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JOINT ACCOUNT is a financial account owned by two or more persons who share equally in the rights and liabilities of the account.

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BENEFIT STREAM is any level of income, cash flow, or earnings generated by an asset, group of assets, or business enterprise. When the term is used, it should be supplemented by a definition of exactly what it means in the given valuation context.

GENERAL ACCOUNTING involves the basic principles, concepts and accounting practice, recording, financial statement preparation, and the use of accounting information in management.

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