separate account Definition

separate account

Definition

A pooled fund created by an insurance company which is segregated from the general funds maintained by the company for the purpose of paying claims. Separate accounts invest in a variety of securities and funds and often contain retirement funds.

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separate account is ...
... part of the Insurance and Retirement subjects.

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separate account appears in the definitions of these other terms on BusinessDictionary.com

cost ledger, restricted cash

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