Temporary New Account

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Dictionary Says

Definition of 'Temporary New Account'

An account that is set up within a fund to hold a balance as a result of a significant cash inflow or outflow to a fund. The account is set up to hold these funds temporarily until they can be distributed to unit holders, used to acquire additional assets for the fund or for other large fund expenditures.
Investopedia Says

Investopedia explains 'Temporary New Account'

Temporary new accounts are set up by funds in order to help streamline and simplify the accounting and cash flow process. By setting up separate accounts, a fund can easily determine the amount of money that is going to be distributed to unit holders, or roughly the amount of money it will use to purchase additional holdings for the fund.
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'Temporary New Account'

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    ... same property must be transferred to the new account or plan ... plan and you're taking
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    ... one of the largest users of aluminum, the downturn in new car buyers also ... prices
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    ... term minded investors see that the recent fashion miss is truly temporary. ... New sales
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    ... firm, and may request duplicate account statements. ... customer correspondence; Review
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  • Temporary Staffing To Stay In The Sweet Spot

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    ... full disclosure of all information regarding new issues for ... sells securities for
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    ... Her rent and car loan were past due, and the temporary job that she was ... off bank
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  • Current Account Deficits: Government Investment Or ...

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    ... the country will plan to pay off the temporary excess of ... Often, however, a current
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