What is the definition of an account in the context of TISA?

In the context of the Truth in Savings Act (TISA), an "account" specifically refers to a deposit account at a depository institution. This definition is critical as TISA primarily aims to promote transparency and fairness in the terms and conditions associated with deposit accounts offered by banks and credit unions. The Act requires financial institutions to provide clear information about interest rates, fees, and other account features, ensuring consumers can make informed decisions.

The other options do not accurately reflect the definition of an account within TISA. A loan, while a financial product, is not classified as an account under this context. Similarly, financial services involving investments pertain more to investment accounts rather than deposit accounts covered by TISA. Lastly, a ledger of transactions does not constitute an account; it is merely a record of activities related to an account. Thus, the correct definition is firmly rooted in the nature of deposit accounts at financial institutions as intended by TISA.