Related Words

Asset Management Account: Account at a brokerage house, bank, or savings institution that integrates banking services and brokerage features.

Asset Management Account (AMA): All-in-one asset management accounts provide the financial advantages of an investment account combined with the convenience of an interest-bearing checking account. AMAs generally offer che . . . View Full Definition

Brokerage Account: To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm. In a full-service broke . . . View Full Definition

Mutual Fund Cash-To-Assets Ratio: The cash instruments portion of a mutual fund as a proportion of its total assets.

Money Market Demand Account (MMDA): An account that pays interest based on short-term interest rates.

National Accounts: Large group accounts that have employees in more than one geographic area that are covered through a single national contract for health coverage. Contrast with large local groups.

Negotiable-Order-Of-Withdrawal Account: A negotiable-order-of-withdrawal (NOW) account is an interest-bearing checking account that pays interest on the balance, usually at a rate comparable to a money market account. You may be r . . . View Full Definition

Net Assets: Total assets minus total liabilities of an individual or company.

Net Asset Value (NAV): The NAV is the dollar value of one share of a fund. It’s calculated by totaling the value of all the fund's holdings plus money waiting investment, subtracting operating expenses, and dividi . . . View Full Definition

Money Market Account: These bank savings accounts normally pay interest at rates comparable to those offered by money market mutual funds or money market separate accounts offered under a variable annuity contrac . . . View Full Definition