Payment Account

Payment Account,

How To Define Payment Account?

  • Account created by the insurer under a limited insurance plan. Pay accounts are unlike experience accounts in that they are used to hold funds specifically designed to pay for losses. To do this, funds are transferred from the trial account to the payment account.

Literal Meanings of Payment Account

Payment:

Meanings of Payment:
  1. The act or process of paying or receiving a payment to someone or something.

  2. Amount paid or paid.

Sentences of Payment
  1. Request a discount with instant payment

  2. Temporary compensation $ 2500

Synonyms of Payment

remission, clearance, instalment, settlement, discharge, reckoning, liquidation, amount, premium, remittance

Account:

Meanings of Account:
  1. See or see yourself in a certain way.

  2. A record or report of financial income and expenditure relates to a specific period or purpose.

  3. An arrangement in which an organization raises funds on behalf of a customer or provides goods or services to a customer on credit.

  4. An agreement that gives a user personal access to a computer, website, or application by entering their personal username and password.

Sentences of Account
  1. Detailed report obtained

  2. The general ledger accounts for all income and expenses.

  3. He doesn't care about money

Synonyms of Account

results, judge, weightiness, regard as, portrayal, think of as, ledger, book, story, concern, moment, rendition, hold to be, news, interest, prominence, financial statement, interpret as, description, momentousness, import, explanation, see as, weight, seriousness, version