Business, Legal & Accounting Glossary
An account held by an investor at a financial institution. The financial institution holds the money for the investor, leading to a positive or credit balance, or loans money to the investor, leading to a negative or debit balance. Unlike a brokerage account, which allows an investor to buy and sell securities, a bank account is used for savings. Types of bank accounts include savings accounts and checking accounts.
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This glossary post was last updated: 20th November, 2021 | 0 Views.