An account with a brokerage firm that authorizes the broker or another named individual to make decision on how Funds in the account are invested without a requirement to consult with the account holder prior to execution. See Churning; Fiduciary; Managed Account; prudent man rule.
Browse by Subjects
prudent man rule
See All Related Terms »
year end adjustment
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):