Brokerage Account
A brokerage account is an investment account you open with a financial institution called a broker-dealer. It allows you to buy and sell stocks, bonds, and other investments. When you invest through a brokerage account, you are essentially giving the broker-dealer permission to execute your trades on your behalf. Brokerage accounts can be used for a variety of purposes, such as saving for retirement, education, or a down payment on a house.
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Related Topics of Brokerage Account