Account Holder
/ˈæk.aʊnt ˈhoʊl.dər/
Definitions
- (n.) An individual or entity in whose name a financial or legal account is maintained and who has the authority to manage and control it.
The account holder authorized the bank to transfer funds.
Forms
- account holders
Related terms
See also
Commentary
The term typically applies to financial and legal contexts where possession and control of an account confer certain rights and responsibilities; precision is important to distinguish from related parties like beneficiaries or authorized signatories.
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.