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Glossary > J > "Joint account" Definition

Joint account

An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities.

Typically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.

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Joint account - An agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities.

Typically a bank or brokerage account in the names of two (or more) people. Arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.

Joint account : an agreement between two or more firms to share risk and financing responsibility in purchasing or underwriting securities.

typically a bank or brokerage account in the names of two (or more) people. arrangements can be made such that either individual or all signatures are required when drawing checks/cheques.