MANAGED ACCOUNT
\mˈanɪd͡ʒd ɐkˈa͡ʊnt], \mˈanɪdʒd ɐkˈaʊnt], \m_ˈa_n_ɪ_dʒ_d ɐ_k_ˈaʊ_n_t]\
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Investment manager administered and supervised investment account, containing one or more investor's invested the funds. In proportion to their contribution to the account, these investors share in the gains and losses.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"