Client accounting systems and controls
Tags
Accounts & financeGlossary terms
client
means the person for whom you act and, where the context permits, includes prospective and former clients
in the SRA Financial Services (Scope) Rules, in relation to any regulated financial services activities carried on by an authorised body for a trust or the estate of a deceased person (including a controlled trust), means the trustees or personal representatives in their capacity as such and not any person who is a beneficiary under the trust or interested in the estate
client money
has the meaning given in rule 2.1 of the SRA Accounts Rules
client account
has the meaning given to it in the SRA Accounts Rules
bank
has the meaning given in section 87(1) of the SA
building society
means a building society within the meaning of the Building Societies Act 1986
costs
means your fees and disbursements