ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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WRAP ACCOUNT Definition
WRAP ACCOUNT at its most basic is an alternative form of commission arrangement between a securities firm and its client. Wrap accounts generally charge the client an annual fee based on assets in the account in lieu of a per transaction commission structure. In other words, the firm "wraps" together all the costs and charges them off as a "management fee". Firms often add further features to wrap accounts such as investment management, custodial services, and enhanced reporting.
Learn new Accounting Terms
BOND PREMIUM is the excess of the issue price over the face value of the bond.
CAPITALIZATION FACTOR is any multiple or divisor used to convert anticipated benefits into value.