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


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
©2004-2014 Investor Glossary - All rights reserved - Terms of Use