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this is a single-named account where the person whose name appears on the passbook has the sole right to withdraw funds.
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∙ 12y ago
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Why is a passbook useful for an individual with a savings account?
A passbook is useful for an individual with a savings account because it allows that individual to keep track of how much money he or she has in that account.
What is a fiduciary account?
fiduciary account -- a savings account, the funds of which are owned by one individual but administered for that individual's benefit by another individual, such as a legally appointed conservator, trustee, or agent.
What is an omnibus IRA account?
An IRA retirement account is an individual retirement account for citizens in America. It provides tax advantages to the individual saving into the plan.
What is an IRA account?
The initials stand for....... individual retirement account
What is IRA account?
The initials stand for....... individual retirement account
Is it legal to turn your IRA into a LLC to avoid paying taxes?
You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.You cannot convert an Individual Retirement Account into a Limited Liability Company.
What is an individually billed account IBA?
An individually billed account or an IBA is a travel charge card account. It is used primarily by one individual and paid for by that one individual.
What is account title?
It classifies what kind of account it is,like individual or joint etc.
Can a bank freeze your account over a sworn affidavit from an individual statement?
No, a bank will not freeze your account without a court order from a judge. They won't freeze an account over an individual statement.
Can an individual maintain two huf account?
no
What is an individual called who owes on an account and moves leaving no forwarding address is called a?
an individual who owes on an account and moves leaving no fowarding address is called
What does fmt co cust ira mean on fidelity account?
Individual Retirement Account
