Joint account


Joint account
An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities. The New York Times Financial Glossary

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joint account UK US noun [C]
BANKING an account that is shared by two or more people: »

With some joint accounts, two signatures are required before money can be withdrawn.

See Note BANK ACCOUNT(Cf. ↑bank account)

Financial and business terms. 2012.