Tax and Loan Accounts

Tax and Loan Accounts definition - business

Tax and Loan Accounts

U.S. Treasury accounts at commercial banks that are funded by taxes received directly from the public and excess funds transferred by the Treasury. The Treasury uses the accounts to maintain general account target balances that are used for operating purposes.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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