InvestorWords.com

separate customer


Definition

SIPC procedure that entitles each unique account holder to receive the maximum amount of insurance coverage applicable. In some cases, even if one individual's name appears on more than one account, but the accounts are handled in different ways, he or she could actually be considered a separate customer for each different account.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z