separate customer

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Separate customer

Method of allocating insurance by the Securities Investor Protection Corporation. Each account that is under the name of a different person or group of people is entitled to maximum protection.

Separate Customer

The way that the Securities Investor Protection Corporation treats each account. The Securities Investor Protection Corporation is a not-for-profit organization mandated under American law to insure investors against the potential bankruptcy of a broker-dealer. According to the SIPC's rules, each account is treated as a separate customer, even if multiple accounts have the same owner. This insures each account and not just the owners personally.

separate customer

For purposes of insurance coverage by the Securities Investor Protection Corporation, an account entitled to full insurance coverage. A husband and wife, each with individual accounts and also a joint account, are viewed as three separate customers for insurance purposes. Each one of the accounts, including the joint account, is covered in full.
References in periodicals archive ?
Jones failed to provide the required paperwork, including information about statutory rights, to three separate customers in the Sandwell area in May and June 2017.
She said he had ripped off four separate customers, taking their cash for work he never finished, work he made a hash of or - on one occasion - work he never even started.
The cabbie, who lives in Anfield and regularly works on match days, was horrified to hear accounts from two separate customers who said the tout in question had been attempting to sell tickets for the enormous fee.
The cabbie,who lives in Anfieldand regularly works on match days, was horrified to hear accounts from two separate customers who said the tout in question had been attempting to sell tickets for the enormous fee.
The ps companies will be contractors in separate agreements and will act as separate customers.
Nine Mesmer units have been sold to three separate customers on three continents, he added.
I am prepared to immediately separate customers aroused to the point of no return by kebab meat gently rotating on a spit.
We don't make separate time for separate customers. This is open from day one.
The results have been more passive systems and ones that rely on more than one modality to separate customers from fraudsters.
He presided over successful fashion collections in three entirely different price points, with entirely separate customers.
As consumers increasingly rely on online platforms for their daily transactions, new security measures are needed to separate customers from criminals.
When a group shares similar terms--for instance, the jargon call center agents use to separate customers whose anxieties are about the product user interface from those whose anxieties concern the correct functioning of the product--the resulting protocols can be programmed into the tool, codifying the skills necessary for best practice.
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