Investor Glossary-joint accountInvestor Glossary-joint accountInvestor Glossary-joint accountInvestor Glossary-joint accountInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Joint Account

The HTML to link to this page
 

Joint account is opened by two or more owners. The advantage of a joint account is that each owner is able to invest, deposit or withdraw money individually. If one of the owners of a joint account is a minor, that person is allowed independent transactions only after attaining the age of maturity. Another name for a joint account is 'joint tenants'. The joint account comes in two forms. A joint account with rights of survivorship allows the survivors total ownership if one of the owners dies. But in the case of a joint account with tenants in common, the surviving owners get only their designated portions of the account; the rest goes to the deceased's estate. A joint account is suitable for families and partnerships.



Rate this joint account definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: FICO score, 1031 exchange, dividends payable, minority interest, Key Rate Duration, ex-dividend, annual return, diluted share, inflation, phantom income, command economy, 1035 exchange, class C shares, 144a, wholly-owned subsidiary, APR, liquidity ratio, margin rate, open position, quality assurance, in escrow, ex-dividend date, reverse mortgage, labor relations, cancelled check, real GDP, deferred revenue, per diem, debt service coverage, stock market close, option premium, EBITDA, LIBOR, implied volatility, retained earnings, Zero Cost Collar, irrevocable trust, covered put, risk management, current ratio, 401a, stock split, required rate of return, VIX, FTSE, deferred tax, balance sheet, limit order, average price per share


Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
Investor Glossary Index >>> # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
©2004-2013 Investor Glossary - All rights reserved - Terms of Use