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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

house account

A brokerage account managed by a firm's main office or by an executive of the firm.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
Fairfax some occupation: the weekly house accounts to make up, or something of that sort, I think it was.
Now, think about the financial portion of those relationships: do they have house accounts with your store or do they pay upfront--perhaps with a credit card?
He explores how they studied bin Laden, details earlier SEAL missions, and tells the real story pinpointing major differences between White House accounts and reality.
THE Prince of Wales's funding from the taxpayer rose by almost a quarter last year, Clarence House accounts showed today.
"Our house accounts are down a good 20 percent this year," he said.
But the 43-year-old mum's The Third Effect business also raked in pounds 1.44million sales for a pre-tax profit of pounds 1.2million, according to Companies House accounts.
Although such subjects as house accounts, cancellations and commission payments are central to all manufacturer's agent agreements, those who shared their views in the MANA report were just as concerned with terms that defined productive working arrangements.
"Keep house accounts." Managing a house account can be a hassle for you, especially when it comes to tracking down a delinquent customer.
Toy Shop Productions had a turnover of just pounds 66,000, say Companies House accounts. But the two shareholders - Davina and John Linnen - managed to split an pounds 80,000 dividend.