Search Results for: Balances without weights
loan or credit accounts, are subject to similar but reverse principles of a deposit account. in accounting terms, a loan account is an asset of the bank and a liability of the borrower. loan accounts may be unsecured or secured by the borrower, and they may be guaranteed by a third person, with or without
account structure[ edit ] from the customer's point of view, bank accounts may have a positive, or credit balance, when the financial institution owes money to the customer; or a negative, or debit balance, when the customer owes the financial institution money. [ ] broadly, accounts that hold credit balances...
https://en.wikipedia.org/wiki/Bank_account