Joint Account

Joint Account

A bank or brokerage account that is shared between two or more individuals. Joint accounts are most likely to be used between relatives, couples or business partners who have a level of familiarity and trust for each other, as this type of account typically allows anyone named on the account to access funds within it.

Joint accounts can be established on a permanent basis, such as an account between a couple where their salaries are deposited, or may be temporary, such as an account between two parties who contribute funds for a short-term purpose. In the event of a death of one of the account holders, the remaining account holders will have sole access to the funds, as well as any debts associated with the account.


Investment dictionary. . 2012.

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  • joint account — n. A bank account in the name of two or more individuals, each of whom has an undivided right to the entire balance. Webster s New World Law Dictionary. Susan Ellis Wild. 2000 …   Law dictionary

  • joint account — n. a bank account in the name of two or more persons, each of whom may withdraw funds …   English World dictionary

  • joint account — 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. Bloomberg Financial Dictionary An… …   Financial and business terms

  • 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 * * * joint account joint account ➔ account1 * * * joint account UK US noun [C] ►… …   Financial and business terms

  • joint account — A bank or building society account held in the names or two or more people, often husband and wife. On the death of one party the balance in the account goes to the survivor(s), except in the case of partnerships, executors accounts, or trustees… …   Accounting dictionary

  • joint account — A bank or building society account held in the names or two or more people, often husband and wife. On the death of one party the balance in the account goes to the survivor(s), except in the case of partnerships, executors accounts, or trustees… …   Big dictionary of business and management

  • joint account — /dʒɔɪnt ə kaυnt/ noun a bank or building society account shared by two people ● Many married couples have joint accounts so that they can pay for household expenses …   Marketing dictionary in english

  • joint account — / dʒɔɪnt əˌkaυnt/ noun a bank or building society account shared by two people ● Many married couples have joint accounts so that they can pay for household expenses …   Dictionary of banking and finance

  • joint account — noun a) A bank account owned jointly by two or more persons. b) A computer account used by two people who play together …   Wiktionary

  • joint account — a bank account in the names of two or more persons or parties and subject to withdrawals by each. * * * …   Universalium

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