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Definition of "subaccount" []

  • A secondary account that belongs to a separate parent account. (noun)

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Use "subaccount" in a sentence
  • "First, you'll pay a management fee on that subaccount, which is similar to the fee you'd pay on an actively managed mutual fund, and the subaccount may also have a load."
  • "However, if the underlying value of the mutual funds in his "subaccount" declines due to poor stock market performance, the annuity owner would not necessarily be able to bail out of the contract and receive all of his original ($100,000) investment as a lump sum payment."
  • "Prefatory note #2: Although my below discussion generally assumes the inclusion of primarily stock market mutual fund investments in your "subaccount," you could, at any time and in any degree, freely substitute less volatile bond income -- and / or money market -- investments."
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