Account Agreement
Definitions
- (n.) A contract between a financial institution and a customer specifying terms for the use and management of an account.
The bank required both parties to sign the account agreement before opening the account.
Forms
- account agreement
- account agreements
Related terms
See also
Commentary
Commonly used in banking and finance law, account agreements must clearly define rights, obligations, and liabilities to prevent disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.