separate accounts

  • Separate accounts required by the state to reflect the assets and liabilities attributable to certain contracts such as variable annuities, pension funds and others.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).