NOUN | possession | brokerage account | a fund that a customer has entrusted to a securities brokerage |
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Meaning | A fund that a customer has entrusted to a securities brokerage. | |
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Example | "you can't get a brokerage account unless you have $20,000" | |
Narrower | cash account | An account with a securities brokerage whose transactions are settled on a cash basis |
margin account | An account with a securities brokerage in which the broker extends credit | |
Broader | account, business relationship | A formal contractual relationship established to provide for regular banking or brokerage or business services |
Spanish | cuenta de comisión de intermediación, cuenta de corretaje |
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