Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Active Account'
A brokerage account that has occasional to frequent buys and sells. This is in contrast to a passive account that has not trading.