ACTIVE ACCOUNT Meaning and
Definition
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An active account refers to a financial or online account that is currently in use and regularly engaged with by an individual or entity. It typically pertains to various types of accounts, such as bank accounts, investment accounts, credit card accounts, or online platforms.
In the context of banking, an active account is one that receives regular deposits and withdrawals, demonstrating ongoing financial transactions. These could include salary deposits, bill payments, funds transfer, or other account activities. The account holder frequently interacts with the account, utilizing it for multiple transactions and keeping it updated.
Similarly, an active account in investment refers to an account that is actively managed by an investor. This involves buying and selling securities, monitoring the account's performance, and adjusting investment strategies accordingly. The investor keeps track of market trends, conducts research, and remains engaged with the account by making informed decisions to maximize profitability.
In the realm of online platforms or apps, an active account indicates one that is currently being utilized by a user. This could range from social media accounts to subscription-based services or e-commerce platforms. An active account suggests that the user regularly logs in, participates, interacts, and utilizes the various features provided by the platform or app.
Overall, an active account signifies an ongoing engagement and consistent utilization of an account in its corresponding domain, be it financial, investment, or online platforms.
Etymology of ACTIVE ACCOUNT
The word "active" is derived from the Latin word "activus", which means "doing, performing, or energetic". It came into English around the late 14th century, initially referring to being engaged in action or doing something actively. The word "account" originates from the Latin word "computare", meaning "to calculate" or "to count". It has been used in English since the late 14th century to indicate a narrative or record of financial transactions. In the context of an "active account", the word "active" implies that the account is currently in use or being utilized by the account holder.
