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.

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.

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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.

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Establishing a house account with terms is the time-honored way transactions have been managed, especially with pro or business-to-business customers.

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The regulator said that the bank incorrectly took money from its Client Segregated Account, while it should have been withdrawn from its Australian operation's London house account.

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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.

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

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

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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.

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