Closed Account

Filed Under » ,
Dictionary Says

Definition of 'Closed Account'

In the simplest sense, any account that has been closed out or otherwise terminated, either by the customer or the custodian. From an accounting perspective, closed accounts can also mean an account that is made ready for the new year by closing out the previous year's amount. A legal definition of this term denotes a statement of debits and credits between parties that cannot be altered.
Investopedia Says

Investopedia explains 'Closed Account'

Closed accounts can be distinguished from an amount stated account, which remains open to allow for adjustments and set-offs. Many banks automatically close accounts that are overdrawn for a certain period of time, such as 30 days. Some financial institutions will allow customers to reopen closed accounts while others require a new account to be created instead.

Related Definitions

Search results for

'Closed Account'

  • 20 Investments: Closed-End Investment Fund | Investopedia

    http://www.investopedia.com/university/20_investments/3.asp
    ... areas. If bought in a tax-deferred account, closed-end funds are a great
    investment for long-term capital appreciation. Weaknesses ...

  • Should You Close Your Credit Card?

    http://www.investopedia.com/articles/pf/08/close-credit-card.asp
    ... The effect a closed credit card account will have on your credit score depends on
    your credit history and on the current state of your balance/limit ratio. ...

  • CFA Level 1 Study Guide - Derivatives - Computing the Margin ...

    http://www.investopedia.com/exam-guide/cfa-level-1/derivatives/computing-margin-balance-for-futures-account.asp
    ... Forwards; 15.22 Futures Markets Margin; 15.23 The Futures Trade Process; 15.24
    Computing the Margin Balance for a Futures Account; 15.25 ...

  • Choose Closed-End Funds For Income

    http://stocks.investopedia.com/stock-analysis/2009/Choose-Closed-End-Funds-For-Income-BIF-TSI-PGP-WMT-BRK.A1002.aspx
    ... Choose Closed-End Funds For Income. ... Closed-end investment funds are a corner
    of the securities world of which many investors are unaware. ...

  • 3 Closed-End Funds With The Best Fundamentals

    http://stocks.investopedia.com/stock-analysis/2010/3-Closed-End-Funds-With-The-Best-Fundamentals-EDD-DPO-IEF-LEO-MUB0510.aspx
    ... 3 Closed-End Funds With The Best Fundamentals. ... Closed-end funds are the Rodney
    Dangerfield of the investment world. That is, they don't get a lot of respect. ...

  • When short selling a stock, how long does a short seller have ...

    http://www.investopedia.com/ask/answers/05/shortsaleclosed.asp
    ... will just have to replace the shares lent out from that client's account with other ...
    are some cases in which the lender will force the position to be closed. ...

  • Series 7 Study Guide - Customer Accounts - Closing Accounts ...

    http://www.investopedia.com/exam-guide/series-7/customer-accounts/closing-account.asp
    ... The account cannot be closed until tax issues - state of legal residence at time
    of death and official notification from that jurisdiction that all tax claims ...

  • How can you lose more money than you invest shorting a stock? If ...

    http://www.investopedia.com/ask/answers/05/shortsaleloss.asp
    ... however, the stock price went up to $200 per share, when you closed the position ...
    When you open a margin account, you usually sign an agreement stating that the ...

  • Forex Tutorial: How To Trade & Open A Forex Account | Investopedia

    http://www.investopedia.com/university/forexmarket/forex8.asp
    ... determine how much the rate can decline before the position is closed and further ...
    type of orders that you can enter in your forex trading account are similar ...

  • Series 7 Study Guide - Packaged Securities - Investment Companies ...

    http://www.investopedia.com/exam-guide/series-7/packaged-securities/investment-company.asp
    ... 10.13 Purchasing Additional Shares On Margin; 10.14 Special Memorandum Account;
    10.15 Short ... There are three types of investment companies: Closed-end funds; Open ...

Related Articles

Bank Rates
Product Today Last Wk
$10K MMA 0.50% 0.51%
MMA 0.45% 0.46%
6 Month CD 0.46% 0.47%
1 Year CD 0.70% 0.75%
5 Year CD 1.46% 1.46%
1 Year Jumbo CD 0.66% 0.67%
Rate data provided by Bankrate
Product Today Last Wk
$30K HELOC 4.59% 4.60%
$30K Home Equity Loan 5.74% 5.77%
$50K Home Equity Loan 5.45% 5.50%
$50K HELOC 4.24% 4.24%
$100K Home Equity Loan 5.41% 5.46%
$100K HELOC 4.13% 4.13%
Rate data provided by Bankrate
Product Today Last Wk
30 Year Fixed 3.80% 3.80%
15 Year Fixed 3.09% 3.11%
1 Year ARM 3.54% 3.53%
30 Year Fixed Jumbo 4.38% 4.38%
5/1 ARM 2.65% 2.69%
3/1 ARM 2.69% 2.69%
Rate data provided by Bankrate
Product Today Last Wk
60 Month Used Car Loan 4.51% 4.51%
48 Month Used Car Loan 4.35% 4.35%
48 Month New Car Loan 3.24% 3.24%
36 Month Used Car Loan 4.34% 4.36%
36 Month New Car Loan 3.11% 3.13%
60 Month New Car Loan 3.35% 3.34%
Rate data provided by Bankrate
Partner Links