TeachMeFinance.com - explain Interest account
Interest account -- The interest account is the account in
which are entered what is paid out as interest and what is received
The interest account of an individual speculator is the
charge against him made by the broker for interest on the
difference between the margin furnished by him and the cost
of the stocks or commodities (grain, cotton or coffee, etc.)
bought for him while they are carried (held) for him. The interest
account is an important consideration in the operations
of a speculator.
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