immediate family
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Immediate family
Term used in the NASD rules of fair practice to refer to one's parents, brothers, sisters, children, relatives supported financially, father-in-law, mother-in-law, sister-in-law, and brother-in-law.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Immediate Family
Close blood relatives, in-laws, and every person one supports financially. FINRA prohibits providing broker-dealer services to members of one's immediate family. In life insurance, the beneficiary of the death benefit is almost always a member of one's immediate family.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
immediate family
Close relatives by birth or marriage including siblings, parents, children, in-laws, and any financial dependents. The National Association of Securities Dealers restricts financial transactions between a broker-dealer and his or her immediate family.
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.