A kind of account is a type of financial arrangement that allows individuals or businesses to store, manage, and access funds. TRUST accounts are used to hold money for another person or entity, such as a minor or a charity. Email accounts are used to send and receive electronic messages. ORAL accounts are verbal agreements between two parties. TALE accounts are written records of transactions. JOINT accounts are shared by two or more people. CHARGE accounts are lines of credit extended by a business to a customer. ESCROW accounts are held by a third party to ensure the completion of a transaction. EXPENSE accounts are used to track and manage spending.