Concentration account


Concentration account
A single centralized account into which funds collected at regional locations (lockboxes) are transferred. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Concentration account — A concentration account is a sole account used for the internal purposes of a financial institution to facilitate the processing and settlement of multiple or individual customer transactions within the institution, usually on the same day. [1]… …   Wikipedia

  • concentration account — A cash management tool. A single account established by an entity, usually in conjunction with one or more zero balance disbursement accounts. Sometimes the concentration account is referred to as a parent account while the associated zero… …   Financial and business terms

  • Concentration Account — A deposit account used to aggregate funds from several locations into one centralized account. Concentration accounts are used by institutions to process and settle internal bank transactions. Concentration accounts are typically used for fund… …   Investment dictionary

  • Concentration Bank — A financial institution that is the primary bank of an organization, or the bank where the organization does most of its transactions. Several organizations use multiple banks, but generally deal significantly with one bank in particular, which… …   Investment dictionary

  • Concentration services — Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. The New York Times Financial Glossary …   Financial and business terms

  • concentration services — Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made. Bloomberg Financial Dictionary …   Financial and business terms

  • Concentration ratio — In economics, a concentration ratio is a measure of the total output produced in an industry by a given number of firms in the industry. The most common concentration ratios are the CR4 and the CR8, which means the four and the eight largest… …   Wikipedia

  • Concentration Camps Inspectorate — The Concentration Camps Inspectorate (Inspektion der Konzentrationslager) was the central SS administrative and managerial authority for the concentration camps of the Third Reich. Created by Theodor Eicke, it was originally known as the General… …   Wikipedia

  • zero-balance account — ( ZBA) A cash management service offered by banks. A bank checking account that can accept deposits and/or make disbursements but that is always maintained at a zero balance. The zero balance is maintained by transferring just enough funds from… …   Financial and business terms

  • parent account — See zero balance account ( ZBA); concentration account …   Financial and business terms