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indirect account

[ɪn.dɪˈrɛkt əˈkaʊnt]
nounpl: indirect accounts
conta indireta
1. A bank account or financial account held in the name of a third party or intermediary rather than in the direct name of the beneficial owner
The investor maintained an indirect account through a trust to protect her assets.
O investidor mantinha uma conta indireta através de um fundo para proteger seus ativos.
2. In accounting, an account that records transactions through intermediaries or secondary channels rather than directly
The company's sales through distributors were tracked via indirect accounts.
As vendas da empresa através de distribuidoras foram rastreadas via contas indiretas.
Synonyms
third-party accountintermediary accountfiduciary account
Antonyms
direct accountprimary account

Regional Variations

General Brazilian
conta indireta
standard term used in banking and accounting sectors
São Paulo
conta indireta
commonly used in financial institutions
Portugal
conta indireta
used in Portuguese banking terminology with same meaning

Related Idioms & Phrases

through an indirect account
maintain an indirect account
set up an indirect account
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