Joint account

Definition:

An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities, or an account owned jointly by two or more persons at a bank or brokerage house.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Morgan Stanley Capital International World Index (MSCI World Index)

A market capitalization-weighted benchmark index made up of equities from 23 countries, including the United States.

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