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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Individual Account

Definition:

An account owned by one, individual person.

If you're an introvert who likes to say "No touch, mine!" an individual account might be just right for you. It's also a great account for anyone who wants to be able to have cash in their account without worrying whether their bae has spent all the money on NFL tickets again.

Joint accounts and business accounts are not individual accounts.