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TeachMeFinance.com - explain For the account historic definition... For the account -- When securities are bought or sold for the account the transaction is a marginal one (on margin) for the account and risk of the buyer or the seller, as the case may be. In a marginal transaction the presumption is that in case of a purchase the securities are to be sold at a subsequent time, while in the case of a sale the presumption is that the securities are to be bought back later. On the London Stock Exchange "for the account" means that the securities are to be delivered and received and paid for in the next fortnightly settlement. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.