balance account

Related to balance account: Balance Sheet Account, Zero Balance Account
Translations

balance account

n (Fin) → Ausgleichskonto nt
References in periodicals archive ?
Now, the plaintiffs in the suit argue that Cigna has violated the District Court's rulings by: "using ‘lookback' interest rates to annuitize the offsets that this court has allowed Cigna to take; using ‘outdated' mortality tables from the date of the Part B lump-sum distributions rather than the ‘successor' mortality tables to annuitize the offsets that this court has allowed Cigna to take; eliminating early retirement benefits until the ‘later of' the Part A early retirement age or the date the Part B cash balance account is distributed; and refusing to pay ‘small benefit cash-outs' to class members who have not received their Part B cash balance accounts."
The bank is to offer a range of services under its 'Defence Salary Account.' Some of the features of the account are: a zero balance account, preferential allotment of lockers and waiver on processing fees on home, auto and personal loans.
The trade balance deficit continued its decline during the same period with a decrease of 838.4 MTD or 25.5% to 2,451.9 MTD, following the improvement of the food balance account (807 MTD), knowing that the energy deficit has kept the same level as a year earlier.
Nearly 35,000 users have so far opted for the e- wallet scheme as this is a zero- balance account. During the first two months of 2014, there were total bookings of 18,466 and 17,476 tickets respectively with total fares of ` 122.84 lakh and ` 115.64 lakh respectively, whereas during March there has been a total booking of 22,000 tickets amounting a total fare of nearly ` 155 lakh.
Kariyil Satheesh Kumar said he considered opening a corporate account two years back but decided against it when he learnt that the bank had rescinded its zero balance account policy.
The new plan deposited a percentage of each employee's pay into a hypothetical cash balance account. The percentage of the pay credits increased with an employee's age and years of service.
Depending on the employee's salary level, the wage increases will be provided as a combination of raises in the base wage rate, payments to the cash balance account that determines monthly pension, and cash bonuses.
Nobody had opened zero balance account, they have put some money in that," he added.
Patna- based student Mohammed Saddam Hussain, 17, alleged that the local branch of a nationalised bank " simply refused" to open a zero- balance account for him.
Under the revised benefit formula, a new hire earning $50,000 who gets annual raises averaging 3 percent would wind up with about $5,000 in his or her cash balance account after three years of service -- at least double that under the old formula for a younger new hire.
* A GASB preliminary views document, Implementation of GASB Statement Number 11, recommends keeping the effects of noncurrent assets (such as noncurrent intergovernmental revenues and certain prepaid items) and noncurrent liabilities (such as compensated absences and leases) out of the fund balance account. The majority preliminary view, referred to as the "captioning within fund" approach, recommends showing noncurrent assets and liabilities in the fund balance sheet, and creating a new account, "long-term fund equity," to show the difference between noncurrent assets and noncurrent liabilities.