TRUST ACCOUNT Definition

TRUST ACCOUNT is a separate bank account, segregated from a brokers own funds, in which the broker is required by state law to deposit all monies collected for clients; in some states called an ESCROW ACCOUNT.

Learn new Accounting Terms

DISCLOSURE NOTE see DISCLOSURE PRINCIPLE.

FOMC see FEDERAL OPEN MARKET COMMITTEE.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.

Purchase and download Glossary
Only $9.95