Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ACCOMMODATION

Placing anothers concerns befor your own to solve an issue. This is a good low stakes move to encourage long term business. Refer to accomodations.

ACCOMMODATIONS

Making it easy for disadvantaged groups to access and use an establishment. Refer to accommodation.

ACCOMMODATIVE MONETARY POLICY

Stimulating economic growth by giving out more money. It decreases federal funds wrth making money easier to borrow. Refer to federal open market committee,tight monetary policy and federal reserve

ACCOMPANIED SHOPPING

When a shopper is asked questions while shopping about the experience. Night clubs and athletic centers use this method. Refer to solitary shopping or shopping alone.

ACCOMPLICE

A party who agrees to a crime as the main criminal or in accessory.

ACCOMPLISHED

A skilled person in a speficic area. Or the past tense of accomplish.

ACCOUNT EXECUTIVE

A representative who manages a client, large customer, or acts as an agent broker. AKA registered representative.

ACCOUNT INQUIRY

When a bank asks for the applicants account history for credit approval or loan renewal.

ACCOUNT NUMBER

A numeric or alphabetic code that identifies an account holder and the account records. AKA account code.

ACCOUNT STATEMENT

The summary of transactions on an account with a customer over the last period of time. AKA statement of account and bank statement.

ACCOUNT TYPE

A code an account is given to show its general purpose. It can be savings, checking, or brokerage for example.

ACCOUNTABILITIES

When a trustee must report all asstes entrusted to them. It is done even if the rules are followed to ensure honesty.

ACCOUNTABILITY

When one party must report its activities and take responsibility for them. It is done to keep them honest and responsible.

ACCOUNTABLE

This party is assigned responsibilities and is in charge of the account in question.

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