For General Account we have terms and definitions in 4 topics. The topics are Finance, Financial, Frauds and Scams and Investing.

General Account (Finance)

Federal Reserve Board's term for a margin account provided to a customer by a brokerage firm. Governed by Regulation T of the FED.

General Account (Financial)

Refers to the assets held by the insurance company to back their obligations for guaranteed or fixed-dollar benefits and contracts. Here, the insurance company is at risk. Compare to Separate Account. Refers to the assets held by the insurance company to back their obligations for guaranteed or fixed-dollar benefits and contracts. Here, the insurance company is at risk. Compare to Separate Account.

General Account (Frauds and Scams)

Federal Reserve Board term for customer's margin account subject to Regulation T (rules governing credit extensions to brokerage customers for the purchase and short sale of securities). The Fed requires that all margin transactions be made in this account.

General Account (Investing)

Federal Reserve Board term for customer's margin account subject to Regulation T (rules governing credit extensions to brokerage customers for the purchase and short sale of securities). The Fed requires that all margin transactions be made in this account.

See Also: Federal Reserve Board; Margin Account; Regulation T

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