“you can't get a brokerage account unless you have $20,000”
- Types:
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cash account
an account with a securities brokerage whose transactions are settled on a cash basis
-
margin account
an account with a securities brokerage in which the broker extends credit
-
custodial account
a brokerage firm account that parents have created for a minor
- Type of:
-
account, business relationship
a formal contractual relationship established to provide for regular banking or brokerage or business services
