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Meaning of "joint account" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF JOINT ACCOUNT

joint account play
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GRAMMATICAL CATEGORY OF JOINT ACCOUNT

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Joint account is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES JOINT ACCOUNT MEAN IN ENGLISH?

Joint account

Joint account is a bank account shared by two or more individuals. Any individual who is a member of the joint account can withdraw from the account and deposit to it. Usually, joint accounts are shared between close relatives or business partners. Joint accounts are often created in order to avoid probate. If two individuals open a joint account and one of them dies, the other person is entitled to the remaining balance and liable for the debt of that account. Sometimes a temporary joint account is opened by two parties entering into a transaction where one party needs a security for the fulfilment of the transaction and the other party has to pay the sum, being the security for the other party. Any payment from the joint account, or return of the deposit from the joint account, will only be possible if both parties sign a joint written instruction to the bank. It is not possible that only one of the parties gives instruction for payments of the joint account. Because banks are not very interested in opening temporary joint accounts, as they are normally used for one transaction only, there are specialised parties or companies taking care of such accounts as trustees.

Definition of joint account in the English dictionary

The definition of joint account in the dictionary is a bank account registered in the name of two or more persons, any of whom may make deposits and withdrawals.

WORDS THAT BEGIN LIKE JOINT ACCOUNT

joint
joint agreement
joint and several guarantee
joint and several liability
joint author
Joint Chiefs of Staff
joint committee
joint consultation
joint density function
joint estate
joint favourite
joint financing
joint heir
joint honours
joint manager
joint mortgage
joint ownership
joint partner
joint passport
joint resolution

WORDS THAT END LIKE JOINT ACCOUNT

account
amount
at a discount
bank account
business account
call to account
checking account
count
current account
current-account
discount
no-account
on account
pollen count
recount
savings account
time discount
to account
trading account
viscount
volume discount

Synonyms and antonyms of joint account in the English dictionary of synonyms

SYNONYMS

Translation of «joint account» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF JOINT ACCOUNT

Find out the translation of joint account to 25 languages with our English multilingual translator.
The translations of joint account from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «joint account» in English.

Translator English - Chinese

联合帐户
1,325 millions of speakers

Translator English - Spanish

cuenta conjunta
570 millions of speakers

English

joint account
510 millions of speakers

Translator English - Hindi

संयुक्त खाता
380 millions of speakers
ar

Translator English - Arabic

حِسَابٌ مُشْتَرَكٌ
280 millions of speakers

Translator English - Russian

общий счет
278 millions of speakers

Translator English - Portuguese

conta conjunta
270 millions of speakers

Translator English - Bengali

যৌথ একাউন্ট
260 millions of speakers

Translator English - French

compte commun
220 millions of speakers

Translator English - Malay

akaun gabungan
190 millions of speakers

Translator English - German

Gemeinschaftskonto
180 millions of speakers

Translator English - Japanese

共同預金口座
130 millions of speakers

Translator English - Korean

공동 계좌
85 millions of speakers

Translator English - Javanese

Akun gabungan
85 millions of speakers
vi

Translator English - Vietnamese

tài khoản chung
80 millions of speakers

Translator English - Tamil

கூட்டு கணக்கு
75 millions of speakers

Translator English - Marathi

संयुक्त खाते
75 millions of speakers

Translator English - Turkish

ortak hesap
70 millions of speakers

Translator English - Italian

conto congiunto
65 millions of speakers

Translator English - Polish

wspólne konto
50 millions of speakers

Translator English - Ukrainian

загальний рахунок
40 millions of speakers

Translator English - Romanian

cont comun
30 millions of speakers
el

Translator English - Greek

κοινός λογαριασμός
15 millions of speakers
af

Translator English - Afrikaans

gesamentlike rekening
14 millions of speakers
sv

Translator English - Swedish

gemensamt konto
10 millions of speakers
no

Translator English - Norwegian

felles konto
5 millions of speakers

Trends of use of joint account

TRENDS

TENDENCIES OF USE OF THE TERM «JOINT ACCOUNT»

The term «joint account» is normally little used and occupies the 114.909 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
46
/100
The map shown above gives the frequency of use of the term «joint account» in the different countries.
Principal search tendencies and common uses of joint account
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «joint account».

FREQUENCY OF USE OF THE TERM «JOINT ACCOUNT» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «joint account» during the past 500 years. Its implementation is based on analysing how often the term «joint account» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about joint account

EXAMPLES

10 ENGLISH BOOKS RELATING TO «JOINT ACCOUNT»

Discover the use of joint account in the following bibliographical selection. Books relating to joint account and brief extracts from same to provide context of its use in English literature.
1
Living Together: A Legal Guide for Unmarried Couples
... for specific household expenses or for travel) and keep adequate records. Many unmarried couples have peacefully maintained joint bank accounts for years. But a joint account is still a risk. Each person has the right to spend all the money.
Toni Ihara, Ralph Warner, Frederick Hertz, 2008
2
Personal Finance
A joint account has two or more owners, each of whom has legal rights to the funds in the account. The forms of joint ownership discussed here apply to all types of property, including automobiles and homes, as well as checking and savings ...
E. Thomas Garman, Raymond Forgue, 2007
3
The Executor's Guide: How to Administer an Estate Under a Will
When the Executor is a surviving joint tenant and the money in the account was earmarked to pay debts and expenses, there is an almost insurmountable urge to commingle the joint account money and the estate money. The problem can be ...
Linda D. Kirby, 2004
4
8 Ways to Avoid Probate
cAutIon don't create a joint account just to avoid probate. If you want to leave money to someone at your death—but not give it away now—stick to a P.O.D. account. It will accomplish your goal simply and easily. Don't set up a joint account with ...
Mary Randolph J.D., 2012
5
Gay and Lesbian Rights
For example, if two partners set up a joint account and Partner A deposits $20,000 and Partner B withdraws $14,000, technically Partner A has made a gift to Partner B. You may transfer up to $12,000 (as of the date this book went to press) to a ...
Brette McWhorter Sember, 2006
6
How to Make a Florida Will
If a will gives property to one person, but it is already in a joint account with another person, the will is usually ignored and the joint owner of the account gets the property.This is because the property in the account avoids probate and passes ...
Mark Warda, 2004
7
Testimony Taken Before the Joint Committee of the Senate and ...
Exhibits — Continued : 117, N. Y. Life, tatement of joint account of, with Pittsburg, Virginia and Charleston, 690. Ex. p. 144 118, N. Y. Life, statement of joint account of, with N. Y. City 3% bonds, 690, Ex. p. 145 119, N. Y. Life, statement of joint ...
New York (State). Legislature. Joint committee on investigation of life insurance, William W Armstrong, New York (State). Legislature, 1906
8
Wall Street Words: An A to Z Guide to Investment Terms for ...
Joint accounts may be established in a number of different forms that produce very different results. —Compare INDIVIDUAL ACCOUNT. —See also PARTNERSHIP ACCOUNT. joint account agreement A form that is required when opening a ...
David Logan Scott, 2003
9
Banking Theory Law N Practice
Joint account A joint account is usually in the name of more than one person. The application for the joint account is signed by all the persons opening the account. Banks need to examine every request to open joint accounts carefully.
Rajesh
10
Wills Trusts and Estates: Scoles Halbach
To allow the introduction of extrinsic evidence of the depositor's subjective intent ignores the common understanding of the parties in establishing the account. A surviving named joint account holder should be entitled to obtain funds remaining ...
Casenotes, Casenote Legal Briefs, 2007

10 NEWS ITEMS WHICH INCLUDE THE TERM «JOINT ACCOUNT»

Find out what the national and international press are talking about and how the term joint account is used in the context of the following news items.
1
Functioning of Punjab National Bank branch under scanner
A sum of Rs 495 crore was deposited in the joint account of DRO-cum-LAC and project director, NHAI, in the Sector 8, Panchkula, branch of the ... «Hindustan Times, Jul 15»
2
Foley v. McIntyre: Revisiting The Presumption Of Resulting Trust …
Donald argued that (a) the specific gift of the bonds was revoked when they were deposited into a joint account and (b) that the trial judge erred ... «Mondaq News Alerts, Jul 15»
3
Women and money: the struggle to juggle - FT.com
While their salaries are not the same, they put their earnings into a joint account. Janet Thornton of Inspired Energy at her company's ... «Financial Times, Jul 15»
4
FA praised for role in catching crooks (From This Is Wiltshire)
"Some of the money was then transferred into the joint account of Margaret and Andrew Rivers. Karen Prictor also used some of the money to ... «This Is Wiltshire, Jul 15»
5
Combining love and money can cause relationship problems and it …
Figures from business intelligence and media provider RFi show in 2015 about 17 per cent of transaction accounts were held by joint account ... «Herald Sun, Jul 15»
6
Foley v. Mcintyre: revisiting the presumption of resulting trust and …
Donald argued that (a) the specific gift of the bonds was revoked when they were deposited into a joint account and (b) that the trial judge erred ... «Lexology, Jul 15»
7
Woman pleads guilty to £50000 benefit fraud
... and her partner shared an account and that numerous transfers have been made into the joint account from the partner's solo account. «Sunderland Echo, Jul 15»
8
Police Insider Reveals Nick Gordon's Possible Murder Motive In …
However, Houston's adopted son claims that the legendary singer left funds for both Bobbi Kristina and himself in a joint account. Do you think ... «RadarOnline, Jul 15»
9
Jefferson Parish inspector general, Ethics Commission angered by …
On Monday, $40,268 had been transferred from the joint account held by the OIG and the Ethics and Compliance Commission. The OIG's ... «The New Orleans Advocate, Jul 15»
10
Joint vs. Separate Bank Accounts: The Right Mix for Financial …
... maintaining multiple accounts requires more up-front work, because you have to figure out which expenses come out of the joint account, ... «Motley Fool, Jul 15»

REFERENCE
« EDUCALINGO. Joint account [online]. Available <https://educalingo.com/en/dic-en/joint-account>. Aug 2019 ».
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