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it is called a savings account.

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Q: Money which is kept in an account for later use is called?
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What is Money called which is kept in an account for later use is called?

Savings


What is the term for money kept in a checking account?

A checking account is called a "demand deposit" because it is available for transfer to another individual or company by writing a check or draft.


What is an account book?

An account book is a book in which financial accounts are kept - also called a ledger.


Which type of checking account requires a certain amount of money to be kept in it at all times in order to avoid fees?

minimum balance account


What type of checking account requires a certain amount of money to be kept in it all time in order to avoid fees?

Minimum Balance account


How would you classify money kept in your bank account?

savings a/c,fixed deposit ,current a/c


If you are terminated from your current job will you lose the money you had them hold in your hsa flex spending?

There is no such thing as a Health Savings Account Flex Plan. You either had a Health Savings Account (HSA) or a Flexible Savings Account (FSA). If you had a HSA the money is yours to keep, whereas any money in the FSA is kept by the employer.


Do business bank accounts require a minimum amount of money to be kept in an account monthly?

Most banks do not require a minimum balance to be kept in a business account. If you are looking at obtaining one, you will want to check with your local bank if they require a minimum balance.


What is the book or binder called that is used for printed forms used for accounts on separate sheets?

The account forms are kept in a book or binder called a ledger.


Why zoo is known as chidiyaghar?

because in ancient times, when kings rule their kingdoms, only birds were kept in zoo. so it was called chidiyaghar. Other animals were kept later..


Can money be rolled over a 401K to Certificates of Deposit?

Yes, if the Certificate of Deposit is inside an IRA account or another 401k account. If you are eligible to take a 401k distribution, you could take the money and buy a regular CD, but you would pay the same taxes and penalties that would apply if you didn't roll the money over. But you can roll a 401k over into another retirement account such as an IRA at a bank and buy a CD with the money in the new account without any taxes or penalties as long as you kept the CD in the IRA account.


A machine where a customer's money is kept?

there are several: in a shop it is called a cash register, in a bank it is called a till, or a vault, outside of the bank it is called an ATM machine.