Lexeme: individual account  
Inferred
Definition:
  1. noun. An individual account refers to a financial or investment account that is owned and operated by a single individual. It is distinct from joint accounts, which are shared by multiple individuals. In an individual account, the account holder has sole control over the account and can make all decisions regarding deposits, withdrawals, and investment choices. The account holder is solely responsible for any gains, losses, or fees associated with the account. Individual accounts are commonly used for personal savings, investments, retirement planning, and other financial purposes. GPT3.5
Word Forms:
  • noun. individual account (singular), individual accounts (plural)
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