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What is the definition of an investment account for the purposes of Transfer Funds?

April 26, 2017account definition funds Investment purposes transfer

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What is the definition of an investment account for the purposes of Transfer Funds?

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An investment account is the cash account (usually a money market account) that you hold at your brokerage. This is where your brokerage holds the funds you use to make stock, mutual fund and other investment purchases, and where the brokerage deposits the proceeds from the sales you execute.