- wrap account
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a personally managed investment account where charges are levied on the basis of the account's total assets.
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Universalium. 2010.
wrap account
Look at other dictionaries:
wrap account — wrap′ account n. bus a personally managed investment account where charges are levied on the basis of the account s total assets • Etymology: 1985–90 … From formal English to slang
Wrap account — A wrap account is one in which a brokerage manages an investor s portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes funds of funds. This type of… … Wikipedia
Wrap Account — An account in which a brokerage manages an investor s portfolio for a flat quarterly or annual fee. This fee covers all administrative, commission, and management expenses. Sometimes this also includes funds of funds. The advantage of a wrap is… … Investment dictionary
wrap account — /ˈræp əkaʊnt/ (say rap uhkownt) noun Finance an account, usually a large account, which is managed by an investment broker for an annual or quarterly fee, rather than a commission on transactions. Also, wrap …
wrap account — a personally managed investment account where charges are levied on the basis of the account s total assets … Useful english dictionary
wrap account — An investment consulting relationship for management of a client s funds by one or more money managers, that bills all fees and commissions in one comprehensive fee charged quarterly. Bloomberg Financial Dictionary … Financial and business terms
Wrap — may refer to: * Wrap (food), a sandwich like food product * Plastic wrap, a thin, clear flexible plastic or aluminum foil to cover food * Shrink wrap, plastic foil to bundle boxes on a pallet for transport * Mud wrap, a type of spa treatment *… … Wikipedia
wrap — [c]/ræp / (say rap) verb (wrapped or wrapt, wrapping) –verb (t) 1. Also, wrap up. to enclose, envelop, or muffle in something wound or folded about. 2. Also, wrap up. to enclose and make fast (an article, bundle, etc.) within a covering of paper… …
wrap-up — /ˈræp ʌp/ (say rap up) noun Colloquial 1. a comprehensive report, with some analysis and evaluation: a detailed wrap up of the election. 2. an enthusiastic account: he gave the new product a good wrap up. Also, wrap. {def. 1 wrap + up; def. 2… …
wrap-up — /rap up /, n. 1. a final report or summary: a wrap up of the evening news. 2. the conclusion or final result: the wrap up of the election campaign. 3. Australian Slang. an enthusiastic recommendation or flattering account. [1950 55; n. use of v.… … Universalium
