See also:receipt and payment of moneys; also any statement as to acts or
See also:con-duct, or quite simply any narrative
See also:report of events, &c . A further sense-development is that of esteem,
See also:consideration . As a stock-
See also:term " account " is used in several senses . (i) The periodical settlements occurring, in
See also:London, monthly for
See also:government and a few other first-class securities, and fortnightly for all others . The settlement extends over four days in
See also:mining shares and three days in other securities . The first
See also:day is the carry-over, "
See also:contango," or making-up, day, on which speculative commitments are carried over, or continued: that is, the bulls, who have bought stock for the rise, arrange the
See also:rate of
See also:interest that they have to give on their stock to a moneylender, or bear, who will pay for it or take it in for them; and the bears, who have sold for the fall, arrange the rate that they receive from the bulls or, if the stock is scarce and oversold, the backwardation or rate that they have to pay to holders of the stock who will lend it them to enable them to
See also:complete their bargains . On the second day, called ticket-day or name day, a ticket giving the name and address of the ultimate buyer and the
See also:firm which will pay for the stock is passed through the various intermediaries to the ultimate seller, so that the actual transfer of the stock can be made directly . In the mining market the passing of names takes two days . On the last day, account day, pay day or settling day, cheques are paid to meet speculative differences, or against the delivering of stock . (2) The
See also:period between two settlements . A nineteen-day account is one in which nineteen days elapse between one pay-day and another . (3) The
See also:volume or
See also:condition of commitments .
A speculator is said to have a large account open when he has dealt heavily either for the rise or fall . Abull account exists in a stock or
See also:group of
See also:stocks when it or they have been bought for the rise by a large number of operators; in the contrary case, when there have been heavy sales for the fall, a bear account is
See also:developed . ACCOUNTANT-GENERAL, formerly an officer in the
See also:Court of
See also:Chancery, who received all moneys lodged in court, and by whom they were deposited in
See also:bank and disbursed . The
See also:office was abolished by the Chancery Funds
See also:Act 1872, and the duties transferred to the paymaster-general (q.v.) .
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