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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Omnibus Account

Definition:

An account that has a bunch of investors.

Since a group of accounts are combined into one, the idea is that the investments are easier to manage. The brokers handle the records of all the investors involved, so the investors get some anonymity... in theory).

It's kinda like a mutual fund except no formal shares are issued.