Master account
From ACT Wiki
Revision as of 21:06, 7 April 2015 by Doug Williamson (Talk | contribs) (Remove non-relevant paragraph.)
A bank account used in cash concentration to fund zero balance accounts automatically.
More specifically an account in a cash pooling structure used to fund zero/target/threshold balance accounts automatically or concentrate funds from participating accounts automatically.
The master account may be interest-bearing.
Also known as central account or concentration account.
