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business relationship

DEFINITIONS OF: business relationship

1

n a formal contractual relationship established to provide for regular banking or brokerage or business services

Synonyms:
account
Types:
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brokerage account
a fund that a customer has entrusted to a securities brokerage
bank account
a fund that a customer has entrusted to a bank and from which the customer can make withdrawals
short account
a brokerage account of someone who sells short (sells securities he does not own)
cash account
an account with a securities brokerage whose transactions are settled on a cash basis
margin account
an account with a securities brokerage in which the broker extends credit
giro account
an account at a post office that can be used in similar ways to an account at a bank
checking account, chequing account, current account
a bank account against which the depositor can draw checks that are payable on demand
savings account
a bank account that accumulates interest
Type of:
relationship
a state involving mutual dealings between people or parties or countries
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