Business / Taxes / Asset Management Account (AMA): All-in-one asset management accounts provide the financial advantages of an investment account combined with the convenience of an interest-bearing checking account. AMAs generally offer check-writing and ATM privileges, credit cards, direct deposit, and automatic transfer between accounts, as well as access to reduced-rate loans and other perks. There are usually annual fees and minimum account requirements. AMAs are offered by many brokerage firms and mutual fund companies, and are also known as central asset accounts (CAAs) or cash management accounts (CMAs).
Account Noun Synonyms: calculation, accounting, reckoning, computation, (financial) statement, enumeration
Management Adjective Synonyms: administration, executive(s), bosses, directors, board (of directors), directorate, (top) brass
Management Noun Synonyms: managing, control, supervision, manipulation, handling, direction, directing, directorship, administration, government, conduct, governance, operation, running, superintendence, command, guidance, stewardship
Business / Finance / Money Market Demand Account (MMDA): An account that pays interest based on short-term interest rates. MORE
Business / Accounting / Money Market Account: A type of savings account that may or may not be protected by the FDIC, with minimum balance requirements and usually higher interest rates than other types of savings accounts. MORE