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inactive account

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Accounting Interactive
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Financial Dictionary

inactive account

A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Accounting Interactive
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www.Amazon.com/Business-Books
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