Account Owner definition: Copy, customize, and use instantly
Introduction
The term "Account Owner" refers to the individual or entity with legal authority over an account, including rights to access, manage, and control its assets. It is essential for defining ownership, responsibility, and access permissions in financial, contractual, and technological contexts.
Below are various examples of how "Account Owner" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Account Owner" as primary account holder
This definition ties "Account Owner" to the primary individual responsible for the account.
"Account Owner" means the individual listed as the principal holder of the account, having full rights to access, modify, and manage all associated funds or services.
Definition of "Account Owner" as business entity
This definition connects "Account Owner" to a corporate or business entity.
"Account Owner" refers to the company, corporation, or organization registered as the primary entity responsible for managing and operating the account.
Definition of "Account Owner" as financial custodian
This definition links "Account Owner" to financial custodianship.
"Account Owner" means the entity or individual with the legal authority to control the financial transactions, deposits, and withdrawals within the designated account.
Definition of "Account Owner" as beneficiary controller
This definition applies "Account Owner" to a designated beneficiary.
"Account Owner" refers to the individual or legal entity that maintains control over the account and designates beneficiaries in accordance with contractual or estate planning documents.
Definition of "Account Owner" as trustee for a trust account
This definition ties "Account Owner" to trust management.
"Account Owner" means the trustee responsible for overseeing, maintaining, and distributing the assets of the account in accordance with the trust agreement.
Definition of "Account Owner" as registered account holder
This definition connects "Account Owner" to an official registration process.
"Account Owner" refers to the person whose name is officially recorded as the primary owner of the account in the financial institution's records.
Definition of "Account Owner" as digital service subscriber
This definition links "Account Owner" to digital platform access.
"Account Owner" means the individual who has registered for and maintains exclusive control over a digital or online service account.
Definition of "Account Owner" as joint account holder
This definition applies "Account Owner" to a jointly held account.
"Account Owner" refers to any individual designated as a joint holder of an account, sharing equal rights and responsibilities in managing its assets.
Definition of "Account Owner" as payment processor controller
This definition ties "Account Owner" to control over a payment processing system.
"Account Owner" means the entity responsible for initiating and authorizing transactions through a designated payment processing account.
Definition of "Account Owner" as tax-registered entity
This definition connects "Account Owner" to taxation compliance.
"Account Owner" refers to the individual or entity registered with the appropriate tax authorities as the official owner of the account for reporting purposes.
Definition of "Account Owner" as investment account holder
This definition links "Account Owner" to an investment portfolio.
"Account Owner" means the individual or entity with legal control over an investment account, including the authority to buy, sell, and manage securities.
Definition of "Account Owner" as designated utility account holder
This definition applies "Account Owner" to utility services.
"Account Owner" refers to the person or entity responsible for managing a service account with a utility provider, including payment obligations and service modifications.
Definition of "Account Owner" as insurance policyholder
This definition ties "Account Owner" to insurance coverage.
"Account Owner" means the policyholder who owns and manages an insurance account, including premium payments and coverage selections.
Definition of "Account Owner" as e-commerce account registrant
This definition connects "Account Owner" to online commerce platforms.
"Account Owner" refers to the individual or business entity that registers and maintains an account on an e-commerce platform to facilitate transactions.
Definition of "Account Owner" as legal representative for an account
This definition links "Account Owner" to a legally designated representative.
"Account Owner" means the legally authorized individual who manages the account on behalf of another person or entity, as recognized by contractual agreements.
Definition of "Account Owner" as subscription service controller
This definition applies "Account Owner" to a recurring subscription service.
"Account Owner" refers to the individual responsible for managing subscriptions, payments, and modifications to an ongoing service account.
Definition of "Account Owner" as sole proprietor account holder
This definition ties "Account Owner" to sole proprietorships.
"Account Owner" means the individual who owns and operates an account under a sole proprietorship, with full liability and control over its operations.
Definition of "Account Owner" as digital wallet holder
This definition connects "Account Owner" to digital financial services.
"Account Owner" refers to the individual registered as the primary holder of a digital wallet account, authorized to execute transactions and manage funds.
Definition of "Account Owner" as mobile banking user
This definition links "Account Owner" to mobile banking platforms.
"Account Owner" means the person registered to access and operate a banking account through a mobile application, including fund transfers and bill payments.
Definition of "Account Owner" as escrow holder
This definition applies "Account Owner" to escrow management.
"Account Owner" refers to the designated party that holds and controls funds in escrow until predetermined conditions are met.
Definition of "Account Owner" as corporate payroll administrator
This definition ties "Account Owner" to payroll processing.
"Account Owner" means the entity responsible for managing payroll accounts, including salary disbursements and employee compensation records.
Definition of "Account Owner" as municipal account administrator
This definition connects "Account Owner" to government accounts.
"Account Owner" refers to the public entity or government body responsible for managing official municipal accounts and related transactions.
Definition of "Account Owner" as cryptocurrency wallet custodian
This definition links "Account Owner" to crypto asset management.
"Account Owner" means the person or entity holding and managing a cryptocurrency wallet, with full control over private keys and transactions.
Definition of "Account Owner" as financial institution client
This definition ties "Account Owner" to an institution's customer.
"Account Owner" means the individual or entity recognized by a financial institution as the primary holder of an account, with rights to initiate transactions and manage balances.
Definition of "Account Owner" as corporate expense account holder
This definition connects "Account Owner" to business expense management.
"Account Owner" refers to the company or authorized employee responsible for managing a corporate expense account, including approvals and expense tracking.
Definition of "Account Owner" as education savings account custodian
This definition links "Account Owner" to education-related funds.
"Account Owner" means the individual or entity responsible for managing an education savings account, including contributions and fund withdrawals for qualified expenses.
Definition of "Account Owner" as multi-user account administrator
This definition applies "Account Owner" to shared-access systems.
"Account Owner" refers to the individual with administrative privileges to add, remove, and modify user access in a multi-user account system.
Definition of "Account Owner" as tax-advantaged retirement account holder
This definition ties "Account Owner" to retirement funds.
"Account Owner" means the person designated as the legal holder of a tax-advantaged retirement account, responsible for contributions and withdrawals.
Definition of "Account Owner" as charitable foundation account manager
This definition connects "Account Owner" to nonprofit financial management.
"Account Owner" refers to the individual or board responsible for overseeing and distributing funds from an account established for charitable purposes.
Definition of "Account Owner" as escrowed funds controller
This definition links "Account Owner" to third-party fund holding.
"Account Owner" means the entity that maintains an escrow account, ensuring funds are held securely until specified contractual conditions are met.
Definition of "Account Owner" as shared financial responsibility holder
This definition applies "Account Owner" to financial obligations.
"Account Owner" refers to any individual or entity jointly responsible for financial liabilities or obligations associated with a specific account.
Definition of "Account Owner" as merchant account operator
This definition ties "Account Owner" to business transactions.
"Account Owner" means the business entity or individual that controls a merchant account, facilitating credit card and electronic payment processing.
Definition of "Account Owner" as secured collateral account holder
This definition connects "Account Owner" to collateralized assets.
"Account Owner" refers to the individual or entity that holds a secured account used as collateral in financial or lending agreements.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.