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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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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.

From Time Magazine Archive

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