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.

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.

References in classic literature ?

Fairfax some occupation: the weekly house accounts to make up, or something of that sort, I think it was.

View in context

He surpassed the United States White House account (49.

Modi beats the White House on Twitter

It is easier with a house account when taking orders over the phone and tracking past invoices.

Outsourcing credit: is it time to take house accounts outside?

On 10 October 2012, Macquarie received $14 million from the Macquarie Client intended for Account A, but which was deposited by Macquarie into the Macquarie non-segregated House Account (Contravention 1).

Australia : Macquarie Bank Limited pays $175,000 infringement notice penalty

The regulator said that the bank incorrectly took money from its Client Segregated Account, while it should have been withdrawn from its Australian operation's London house account.

-ASIC fines Barclays

There was, and although both sides claim the judge ruled in their favor on the issue earlier this year, bills for more recent attorney fees have been sent to members by letter, not placed on the house account.

TROUBLE IN PARADISE; DISGRUNTLED GOLFERS SUE COUNTRY CLUB

It was out of Kidder's house account that Jett traded government securities.

Joseph Jett sparks a media frenzy; lone trader vs. Kidder over blame for lost $350 million

Managing a house account can be a hassle for you, especially when it comes to tracking down a delinquent customer.

Pro customers speak up

Radiant's Aloha eFrequency can also easily manage and control employee meal and house account programs, ensuring costs are accounted for accurately.

Jamba Juice Selects Radiant Systems' Aloha eFrequency Loyalty Application; With Aloha eFrequency Jamba Juice Extends its Relationship with Consumers Through Targeted Loyalty Programs

Mercury administers a corporate Automated Clearing House account that allows central pooling of gift card deposits and electronic reconciliation with each location.

Mercury Payment Systems Gets Nod from Nestle Toll House Cafe by Chip; Mercury to Process Gift and Credit Cards for Franchise

In addition, eFrequency allows CPK to manage and control its employee meal and house account programs electronically.

California Pizza Kitchen Selects Aloha POS and eServices from Radiant Systems; Investment Decision Enables Advanced Service Levels and Loyalty Programs

VERY BUSY UPSCALE FULL SERVICE SPA / 7 CUTTING STATIONS - RENTS 3 STATIONS OUT @ $35 PER DAY / THEY HAVE THEIR OWN CLIENTELE / SPLIT 50/50 ON ALL HOUSE ACCOUNTS / SALES ARE HALF HOUSE ACCOUNTS / FANTASTIC LOCATION / LOT'S OF WALK-INS / TON'S OF MEDIA EXPOSURE - GROUPON - LIVING SOCIAL - GOOGLE - FACEBOOK - YELP - INSTAGRAM PAGE / ALL WITH EXC REVIEWS / ALL THE FURNITURE & EQUIP IN THE STORE IS NEW / SELLER PLANS TO RELOCATE OUT OF THE COUNTRY / THE SEASON IS HERE