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An account number is a serialized identifier which is ascribed to a particular account holder or account at a financial institution, retailer, or other entity.
Account numbers may include letters or numbers and may be of various length, but they usually exceed 5 characters. An account number is a way for a company or organization to uniquely identify the accounts associated with each individual customer.
Account numbers can be assigned to sales and service accounts at various retailers, or to banking and investment accounts at financial institutions, or to membership organizations, among others. Part of the benefit of account numbers is a degree of anonymity or ambiguity which separates the identity of the account holder from the account information.
If a security breach were to access account number and balances, it might not be enough information to make withdrawals, for instance. This segmentation and restricted access to all of the information at once is a security benefit which can prevent identity theft from occurring.
A Foreign Exchange (FX) Swap is a short-term arrangement where a company or institution swaps domestic currency for another
Naked shorting means that the seller has not located or secured the security being short sold, and is in many cases illegal
A partnership is a business owned by two or more people, usually designated as an LLC
If your portfolio is less than $50,000, probably 4-5 Mutual Funds will suffice. If your portfolio is from $50,000...
Spouses and children can and do receive social security benefits upon the death of a person who paid into the system
Contango is when the price of a futures contract is higher than the current spot price of a commodity
If a business owner is a silent partner, and not an employee, they do not need to be included in the SEP IRA
The “Shanghai” is an index measuring all shares that are traded on the Shanghai Stock Exchange (China)
IRS Publication 15-b outlines the different types of fringe benefits available to employees and which ones are taxable
ICO is an acronym for Initial Coin Offering, and it is the primary way that new companies can use blockchains to raise capital