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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Institutional Account

Definition:

An account that's opened by or for an institution (like an insurance company or brokerage) for the benefit of banks, mutual funds, or others. These accounts usually have lower costs and commissions and let money flow between institutions more easily. There's lots of cash involved, but there's actually no minimum to open one.