A managed account is a trading account that is not managed by a trader themselves, but by a hired financial professional or money manager. For the account holder it means that his portfolio is cut out just for their needs without so many possibilities for a mistake.

 

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Joint bond occurs when 2 or more partners give guarantees for interest and principal. In case of default those, holding the bonds have the right to claim any of the assets of the issuing institution. Joint bond reduces risks and borrowing cost.

 

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