joint account agreement

Joint Account Agreement

An agreement between the holders of a joint account detailing how the account will operate. Specifically, the joint account agreement states whether the account holders will each be able to withdraw and deposit funds into the account, or whether all account holders must agree before this can be done. Joint account agreements are required for both bank accounts and brokerage accounts held in the names of two or more persons.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

joint account agreement

A form that is required when opening a brokerage account or bank account in the names of two or more individuals.
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.
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