BROKERAGE ACCOUNT

Pronunciation (US): (GB):

Meaning:

A fund that a customer has entrusted to a securities brokerage

Example:

you can't get a brokerage account unless you have $20,000

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("brokerage account" is a kind of...):

account; business relationship (a formal contractual relationship established to provide for regular banking or brokerage or business services)

Hyponyms (each of the following is a kind of "brokerage account"):

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)