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House Account

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House account
A type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive, rather than a traditional salesperson.
House Account
1. An investment account a brokerage firm uses for its own investments, rather than those on behalf of a client.

2. An investment account in a brokerage that is large or otherwise important enough to be managed from the brokerage's main office, often with a major executive as the broker.
house account
A brokerage account managed by a firm's main office or by an executive of the firm.
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5 percent to just over three million pounds during the last financial year, Clarence House accounts showed on Tuesday.
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In addition to managing six regional sales managers, he maintained a number of major house accounts, which included Tindall.
Tindall Corp by Corrections Today
 
 
 
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