Definition of Slow account

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TeachMeFinance.com - explain Slow account




historic definition...

Slow account -- Same as inactive account; an account to which debits and credits are not frequently added. A slow account in a bank is one which is not frequently augmented by deposits and likewise is not frequently diminished by drafts upon (by checks drawn against) it. A slow speculative account (as in stocks , grain, cotton or coffee, etc) is one where the speculator does not buy and sell with frequency.



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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".


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