2006-12-11 16:55:55 · 4 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I think you mean deemat account. Demat account, short term for dematerialised account is a type of banking account which dematerialise the paper-based physical shares.
The idea of dematerialised account is to avoid the need to hold physical shares--the shares are virtually being bought and sold through the banking account.
This account is popular in India and also the SEBI mandates demat account for share trading above 500 shares.
2006-12-11 17:42:52 · answer #1 · answered by Zain 7 · 0⤊ 1⤋
deemed, deem·ing, deems.
v.tr.
1. To have as an opinion; judge: deemed it was time for a change.
2. To regard as; consider: deemed the results unsatisfactory.
2006-12-12 02:23:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
A dormant account is known as deemed account. means not operated from last one year.
2006-12-12 02:13:48 · answer #3 · answered by Subhrangshu m 3 · 0⤊ 0⤋
I think you mean demat account. It is an account where you hold the shares and other financial instruments electronically.
2006-12-12 01:41:56 · answer #4 · answered by cvrk3 4 · 0⤊ 0⤋