Business, Legal & Accounting Glossary
The account holder is the person whose name is on the account usually as verified by Social Security number.
In the case of a bank account, an investment account, a savings account, etc. the account holder is responsible for paying income taxes on interest paid or other profits. In the case of a credit account such as a credit card, or a store account, the account holder is responsible for paying the bill.
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This glossary post was last updated: 4th August, 2021 | 9 Views.