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Contra account
An Account which offsets another account. A contra-asset Account has a credit Balance and offsets the debit Balance of the corresponding asset. A contra-liability Account has a debit Balance and offsets the credit Balance of the corresponding liability.
Semi Related Terms: 452 CLICK HERE TO VIEW
Account ,
Account statement ,
Active asset ,
Adjusted balance method ,
Asset ,
Asset/equity ratio ,
Account aggregation ,
Account balance ,
Active account ,
Alternate account ,
Asset management account ,
Average daily balance ,
Average daily balance method ,
Accrual of discount ,
Amortization of premium ,
Asset-backed security ,
Asset swap ,
Account executive ,
All or any part ,
Asset acquisition ,
Asset class ,
Asset financing ,
Add-on service ,
Abstract of title ,
As is ,
Attorney in fact ,
Asset-based finance ,
Asset-based lending ,
Asset conversion loan ,
Assignment of mortgage ,
A shares ,
Asset allocation fund ,
Asset turnover ,
At the money ,
Across the board ,
Additional paid-in capital ,
Adoption credit ,
Against the box ,
At the bell ,
At the close ,
At the figure ,
At the full ,
At the market ,
At the opening order ,
Automated Pricing and Reporting System ,
Away from the market ,
Balance ,
Below the line ,
Books of final entry ,
Books of original entry ,
Bank credit ,
Banking Act of 1933 ,
Bureau of Public Debt ,
Brought over the wall ,
Buying on margin ,
Buy on close ,
Buy on opening ,
Buy the book ,
Balance of payments ,
Board of Governors ,
Breaking the syndicate ,
Bill of exchange ,
Bill of sale ,
Breach of trust ,
By the book ,
Business credit ,
B shares ,
Buy and write ,
Benefit offset ,
Blow-off top ,
Breadth-of-market theory ,
Beat the gun ,
Capital asset ,
Capital liability ,
Cash asset ratio ,
Contra account ,
Cost Of Goods Sold ,
Cost of sales ,
Credit order ,
Central assets account ,
Checking account ,
Compensating balance ,
Credit card ,
Credit union ,
Custodial account ,
Certificate of Participation ,
Committee on Uniform Securities Identification Procedures ,
Credit analyst ,
Credit risk ,
Cash account ,
Code of procedure ,
Contra broker ,
Credit balance ,
Capitalization of income ,
Capital account ,
Cost of Living Adjustment ,
Cost-of-living index ,
Council of Economic Advisers ,
Credit squeeze ,
Current account ,
Cash and carry trade ,
Chasing the market ,
Chicago Board of Trade ,
Cost-of-living rider ,
Credit insurance ,
Credit life insurance ,
Certificate of stock ,
Cost of carry ,
Certificate of title ,
Contingent liability ,
Cancellation of debt ,
Cash credit ,
Certificate of Claim ,
Closed-end credit ,
Commercial credit ,
Consumer credit ,
Cost of debt capital ,
Cost of funds ,
Credit ,
Credit agency ,
Credit default swap ,
Credit derivative ,
Credit enhancement ,
Credit limit ,
Credit line ,
Credit score ,
C shares ,
Class of options ,
Close to the money ,
Credit spread ,
Certificate of Occupancy ,
Cloud on title ,
Cash-balance plan ,
Cash or Deferred Arrangement ,
Capital Asset Pricing Model ,
Class A Shares ,
Class B Shares ,
Crash of 1929 ,
Crash of 1987 ,
Child and dependent care credit ,
Coefficient of determination ,
Cup and handle ,
Certificate of delivery ,
Close a position ,
Cornering the market ,
Curbs in ,
Debit ,
Debit note ,
Declining balance method ,
Deferred credit ,
Double-declining balance depreciation method ,
Debit card ,
Deposit in transit ,
Drawing account ,
Date of issue ,
Date of payment ,
Discretionary account ,
Division of Enforcement ,
Division of Investment Management ,
Division of Market Regulation ,
Do Not Reduce ,
Date of record ,
Dividend in arrears ,
Desk (the) ,
Division of labor ,
De-escalation clause ,
De facto ,
Doing business as ,
Durable Power of Attorney ,
Date of maturity ,
Debit balance ,
Debtor in possession ,
Debtor-in-possession financing ,
Deed of Release ,
Deed of Trust ,
Discharge of bankruptcy ,
Discharge of lien ,
Due-on-sale clause ,
Debit spread ,
Deep in the money ,
Deep out of the money ,
Deed of Surrender ,
Department of Housing and Urban Development ,
Deferred account ,
Dogs of the Dow ,
Depth of market ,
Earning asset ,
Eurodollar certificate of deposit ,
Either-or order ,
E-mini ,
Exchange of spot ,
Employee Retirement Income Security Act of 1974 ,
Earned income tax credit ,
Education credit ,
Financial asset ,
First In First Out ,
Fixed asset ,
Federal Savings and Loan Association ,
Frozen account ,
Flow of funds ,
Fictitious credit ,
Fill or kill ,
Front-ending an order ,
Forward P/E ,
Factors of production ,
Favorable balance of trade ,
Form S-1 ,
Friends and family offering ,
Fair Credit Reporting Act ,
Full faith and credit ,
Family of funds ,
Fund of funds ,
Free and clear ,
Flexible spending account ,
Free right of exchange ,
General account ,
G-7 ,
General Agreement on Tariffs and Trade ,
G-8 ,
Growth and income fund ,
Gather in the stops ,
Hidden asset ,
Hart-Scott-Rodino Act of 1976 ,
Hit the bid ,
House account ,
House of issue ,
Health Insurance Portability and Accountability Act ,
Holder in due course ,
High credit ,
Home equity line of credit ,
Hope credit ,
Head and shoulders ,
Hammering the market ,
Held at the opening ,
Holding the market ,
Inactive asset ,
Intangible asset ,
Inactive account ,
Insured account ,
In escrow ,
In-house ,
Investment Advisor Act of 1940 ,
Investment Company Act of 1940 ,
In line ,
Insider Trading sanctions Act of 1984 ,
Internal Rate of Return ,
Indication of interest ,
In intestacy ,
Impaired credit ,
In play ,
In-process research and development ,
I/O strip ,
In-service withdrawal ,
Imbalance of orders ,
In and out ,
In sympathy ,
In the tank ,
Joint account ,
Jointly and severally ,
Jumping the gun ,
Joint and several liability ,
Joint and survivor annuity ,
Last In First Out ,
Liability ,
Lender of last resort ,
Law of one price ,
Lending at a rate ,
Limit-on-close order ,
Law of demand ,
Law of supply ,
Loose credit ,
London International Financial Futures and Options Exchange ,
Letter of comment ,
Line of credit ,
Lock-in ,
Leading the market ,
Lifetime learning credit ,
Limited Liability Company ,
Locked in ,
Long-term gain or loss ,
Level I quotes ,
Make a market ,
Managed account ,
Margin account ,
Market on close order ,
Medium of exchange ,
Mixed account ,
Noncurrent asset ,
Non-financial asset ,
National Credit Union Administration ,
Negotiable certificate of deposit ,
Negotiable Order of Withdrawal ,
Nostro account ,
Notice of Sale ,
National Association of Securities Dealers ,
National Association of Securities Dealers Automated Quotations system ,
No limit order ,
No quote ,
Nominal asset ,
No-Fault ,
Net Asset Value ,
No-Action Letter ,
Null and void ,
No-lien affidavit ,
Nonperforming asset ,
Non-revolving credit card ,
Notice of Default ,
No-load ,
National Association of Real Estate Investment Trusts ,
No-load stock ,
No book ,
Off-balance-sheet financing ,
Off the books ,
Other current assets ,
Other long term liabilities ,
Office of Thrift Supervision ,
Out-of-favor ,
Over-the-Counter ,
Off-floor order ,
On-floor order ,
On margin ,
Option account ,
Or better ,
Other income ,
Omnibus account ,
Opinion of title ,
On account ,
On-the-spot loan ,
Open-end credit ,
Original principal balance ,
Out of the money ,
Old age, survivors, and disability insurance ,
On-balance volume ,
Off-board ,
Offset ,
On close ,
On open ,
On the opening ,
Pooling of interests ,
Profit and loss statement ,
Payment-in-kind security ,
Price Value of a Basis Point ,
P&L ,
Power of Attorney ,
Past-due balance method ,
Previous balance method ,
Principal balance ,
Prioritization of debt ,
Plan asset ,
Paid-in capital ,
Paid-in surplus ,
Private Investment in Public Equity ,
Preservation of capital ,
Point-and-figure chart ,
Painting the tape ,
Real asset ,
Reports and Records ,
Return of capital ,
Return on Capital ,
Return on Invested Capital ,
Return on Total Assets ,
Reading the tape ,
Regulation D ,
Regulation G ,
Regulation T ,
Regulation U ,
Restricted account ,
Round of funding ,
Rules of Fair Practice ,
Rate of exchange ,
Reciprocal of European terms ,
Red herring ,
Regulation A ,
Right of first refusal ,
Right of rescission ,
Remaining principal balance ,
Revolving line of credit ,
Right of recourse ,
Rule of 78 ,
Right of redemption ,
Retirement Equity Act of 1984 ,
Risk/return trade-off ,
Return on Capital Employed ,
Rate of return ,
Real rate of return ,
Selling, General and Administrative Expenses ,
SG&A ,
Stranded asset ,
Savings account ,
Savings and Loan ,
Sight letter of credit ,
S&L ,
Securities and Exchange Commission ,
Segregation of securities ,
Sell the book ,
Sweep account ,
Standard of living ,
Separate account ,
Severally but not jointly ,
Statute of Limitations ,
Sale and leaseback ,
Satisfaction of debt ,
Secured credit card ,
Staggered board of directors ,
Selling the spread ,
Self-directed retirement account ,
Selling short against the box ,
Shorting against the box ,
S Corporation ,
Short-term gain or loss ,
Subchapter S Corporation ,
Schedule C ,
Securities Act of 1933 ,
Securities Acts Amendments of 1975 ,
Securities Exchange Act of 1934 ,
Seek a market ,
S&P phenomenon ,
Stop and reverse ,
Tangible asset ,
Trial balance ,
T-Bill ,
Take a position ,
Trailing P/E ,
Total asset turnover ,
Tenancy by the entirety ,
Truth in Lending ,
The Street ,
Timing the market ,
Taxpayer Relief Act of 1997 ,
Tax Reform Act of 1986 ,
Tax Reform Act of 1993 ,
Take a bath ,
U.S. Government Agency Security ,
U.S. Savings Bond ,
U.S. Treasury ,
U.S. Treasury Bill ,
U.S. Treasury Bond ,
U.S. Treasury Note ,
U.S. Treasury Securities ,
Undermargined account ,
Umbrella liability insurance ,
Unified Tax Credit ,
Unit of trade ,
Unit of trading ,
Wrap account ,
Waiver of premium ,
Widow-and-orphan stock ,
W-2 Form ,
W formation ,
When, as, and if issued ,
X or XD ,
Y shares