A code that is given to an account that gives off information of what the account is used for and what its overall purpose is. For example, checking account, savings account, tax-free account, and others are all types of account.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser