house account

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.
The President, meanwhile, is not on Snapchat just yet, but an official White House account will probably be passed down to whoever wins in November.
He surpassed the United States White House account (49.8 million) on Wednesday and is using Twitter as a power tool to broadcast his messages, the updated study said.
Establishing a house account with terms is the time-honored way transactions have been managed, especially with pro or business-to-business customers.
The regulator said that the bank incorrectly took money from its Client Segregated Account, while it should have been withdrawn from its Australian operation's London house account.
We want to remain personal, the type of company where you get a client talking to a principal, not the kind of company where accounts are handed over to an account executive who manages a house account," Bolland said.
It was out of Kidder's house account that Jett traded government securities.
"Keep house accounts." Managing a house account can be a hassle for you, especially when it comes to tracking down a delinquent customer.
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.