Asset Management Account

« Back to Dictionary Main | Browse other BANKING terms »

A single account at a brokerage or bank which includes both banking and brokerage services. Most asset management accounts allow checking, a debit or credit card, automatic transfer of excess funds into a money management account, and margin loans.

This Glossary is provided by www.InvestorWords.com
Copyright©1997-2007 by WebFinance Inc. All Rights Reserved.