# Splits

URL: /systems/legal-and-corporate/floor/splits · Id: `floorRow:splits`

> Splits settles each charge line owed to another Party directly to that Party, so money held for others never sits on the Company’s balance.

Splits settles each charge line owed to another [Party](/business/nouns/party) directly to that Party, so money held for others never sits on the [Company](/business/nouns/company)’s balance.

| Property | Value |
| --- | --- |
| Wakes | A charge carries money that belongs to someone else, such as a fee, a share, or a premium. |
| Process | [Billing](/workflows/processes/billing) |
| Signs | [Treasurer](/agents/finance/treasurer), [Finance Team](/agents/finance) |
| Sources | state money-transmitter laws; ABA Model Rule 1.15; state insurance law on premiums held in trust |