Examlex
Which type of team is comprised of members with diverse backgrounds?
Zero-Balance Account
A bank account in which the balance is maintained at zero by automatically transferring funds from a master account.
Compensating Balance
A compensating balance is a minimum balance that must be maintained in a bank account, required by some banks in order for their customers to obtain or maintain a loan.
Master Account
A central account that holds funds or securities, often used by institutions to manage multiple sub-accounts.
Available Balance
The amount of funds in a bank account that is accessible for withdrawal or processing of checks or electronic payments, not including any holds, unprocessed transactions, or restrictions.
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