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.
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.