Joint Account
Banking
An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract.
- — Dictionary of Banking Terms and Phrases
- — Dictionary of Banking Terms and Phrases retrieved 2014-05-16
Personal Finance
An account owned by two or more persons. Either party can conduct transactions separately or together as set forth in the deposit account contract. In addition, some states allow one owner of the account to use the share balance as collateral in case of default.
- — Pocket Cents Glossary retrieved 2014-05-16