rolling account

Definitions

Banking

  • noun a system where there are no fixed account days, but stock exchange transactions are paid at a fixed period after each transaction has taken place, as opposed to the UK system, where an account day is fixed each month

Economics

  • noun a US system in which there are no fixed account days, but stock exchange transactions are paid at a fixed period after each transaction has taken place (as opposed to the British system, where an account day is fixed each month)
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