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joint account

Comprehensive Analysis

1) "Joint" -- As to joint account 1joint Pronunciation: 'joint Function: noun Etymology: Middle English jointe, from Anglo-French, from joindre 1 a (1) : the point of contact between elements of an animal skeleton with the parts that surround and support it (2) : NODE 5b b : a part or space included between two articulations, knots, or nodes c : a large piece of meat for roasting 2 a : a place where two things or parts are joined b : a space between the adjacent surfaces of two bodies joined and held together (as by cement or mortar) c : a fracture or crack in rock not accompanied by dislocation d : the flexing part of a cover along either spine edge of a book e : the junction of two or more members of a framed structure f : a union formed by two abutting rails in a track including the elements (as bars and bolts) necessary to hold the abutting rails together g : an area at which two ends, surfaces, or edges are attached 3 a : a shabby or disreputable place of entertainment b : PLACE, ESTABLISHMENT c slang : PRISON 2 4 : a marijuana cigarette - joint·ed /'join-t&d/ adjective - joint·ed·ly adverb - joint·ed·ness noun - out of joint 1 a of a bone : having the head slipped from its socket b : at variance 2 a : DISORDERED 2a b : being out of humor : DISSATISFIED <losing put him out of joint> Pronunciation Symbols A joint is the location at which two or more bones make contact. They are constructed to allow movement and provide mechanical support, and are classified structurally and functionally. 1 Classification 1.1 Structural classification 1.2 Functional classification 2 See also 3 External links Joints are classified structurally and functionally. Structural classification is determined by how the bones connect to each other, while functional classification is determined by the degree of movement between the articulating bones. In practice, there is significant overlap between the two types of classifications. In example, the highly mobile diarthroses are universally synovial joints (and in practice the two terms are used interchangeably) though the first term refers to the functional classification and the second to the structural classification. Terms ending in the suffix -sis are singlular and refer to just one joint, while -ses is the suffix for pluralization. Depiction of an intervertebral disk, a cartilaginous joint. Structural classification names and divides joints according to how the bones are connected to each other. There are three structural classifications of joints: Fibrous/Immovable - bones are connected by dense connective tissue, consisting mainly of collagen. The fibrous joints are further divided into three types: Sutures are found between bones of the skull. In fetal skulls the sutures are wide to allow slight movement during birth. They later become rigid (synarthrodial). Syndesmosis are found between long bones of the body, such as the radius and ulna in forearm and the fibula and tibia in leg. Unlike other fibrous joints, syndesmoses are moveable (amphiarthrodial). Gomphosis is a joint between the root of a tooth and the sockets in the maxilla or mandible. Cartilaginous ..." 2) "Account" -- As to joint account 1ac·count Pronunciation: &-'kaunt Function: noun Etymology: Middle English acounte, accompte, from Anglo-French acunte, from acunter 1 archaic : RECKONING, COMPUTATION 2 a : a record of debit and credit entries to cover transactions involving a particular item or a particular person or concern b : a statement of transactions during a fiscal period and the resulting balance 3 a : a statement explaining one's conduct b : a statement or exposition of reasons, causes, or motives <no satisfactory account of these phenomena> c : a reason for an action : BASIS <on that account I must refuse> 4 a : a formal business arrangement providing for regular dealings or services (as banking, advertising, or store credit) and involving the establishment and maintenance of an account; also : CLIENT, CUSTOMER b : money deposited in a bank account and subject to withdrawal by the depositor 5 a : VALUE, IMPORTANCE <it's of no account to me> b : ESTEEM <stood high in their account> 6 : ADVANTAGE <turned her wit to good account> 7 a : careful thought : CONSIDERATION <have to take many things into account> b : a usually mental record : TRACK <keep account of all you do> 8 : a description of facts, conditions, or events : REPORT, NARRATIVE <the newspaper account of the fire> <by all accounts they're well-off>; also : PERFORMANCE <a straightforward account of the sonata> - o In accountancy, an account is a label used for recording and reporting a quantity of almost anything. Most often it is a record of an amount of money owned or owed by or to a particular person or entity, or allocated to a particular purpose. It may represent amounts of money that have actually changed hands, or it may represent an estimate of the values of assets, or it may be a combination of these. Asset accounts: represent the different types of economic resources owned by a business, common examples of Asset accounts are cash, cash in bank, building, inventory, prepaid rent, goodwill, account receivable. Liability accounts: represent the different types of economic obligations by a business, such as accounts payable, bank loan, bonds payable, accrued interest. Equity accounts: represent the residual equity of a business (after deducting from Assets all the liabilities) including Retained Earnings and Appropriations. Revenue accounts: represent the company's gross earnings and common examples include Sales, Service revenue and Interest Income. Expense accounts: represent the company's expenditures to enable itself to operate. Common examples are electricity and water, rentals, depreciation, doubtful accounts, interest, insurance. Contra-accounts: from the term contra, meaning to deduct, the value of which are opposite the 5 above mentioned types of accounts. For instance, a contra-asset account is Accumulated depreciation. This label represent deductions to a relatively permanent asset like Building. ..." 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