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wrap account

American  

noun

  1. a personally managed investment account where charges are levied on the basis of the account's total assets.

Example Sentences

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Worse still, all the income from a wrap account is taxable, but in most cases only a portion of the wrap fee will be deductible.

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Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.