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Joint Account
Term category: General Investing
In 10 words or less: An investing account owned by more than one person.

Definition: A joint account is an account owned by more than one person (typically husband and wife).

StockJargon Advice: Joint account offers the benefit of giving two people control over the account.  This means that your spouse can call up your stock broker and place an order to buy stock.  However, this requires that a joint agreement be set up, which is usually a pretty simple process.

These types of accounts are great for married couples because they give your spouse complete visibility into the investments and easier access.

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