Directors’ Loan Account
An accounting record showing money moving between a company and one or more directors outside normal salary, expenses or dividends.
Related terms
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Credit Director’s Loan Account
A director’s loan account showing that the company owes money to the director, rather than the director owing money to the company.
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Director’s Loan Account (DLA)
An account recording money a director owes to the company or the company owes to the director.
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Overdrawn Director’s Loan Account (ODLA)
A director’s loan account showing that the director owes money to the company. It can become especially important if the company enters insolvency.
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