An account owned by a single person for their sole benefit. The account holder provides an individual social security number, and the account can trade in almost any type of investment instrument.

Accounts jointly owned by two or more people. The differences are primarily found in the disposition of assets upon the death of one owner.

Joint Tenants with Rights of Survivorship — owned jointly by two or more individuals, in which the surviving tenant becomes owner of all assets upon the death of the other tenant.
Joint Tenants in Common — owned jointly by two or more individuals without rights of survivorship. Assets are distributed as directed by a will.
Community Property — for married couples living in a community property state. Assets of a decedent are transferred to the surviving spouse and divided between the surviving spouse and the estate of the deceased spouse.

An account opened and managed by an adult for the benefit of a minor. The minor assumes control of the account upon reaching 18 or 21 years of age, depending upon the state of residence. Please note this is an irrevocable gift.

Individual Retirement Account is a personal retirement savings program that offers tax advan-tages to qualified individuals, allowing them to deposit a port-ion of their income into a tax-deferred brokerage account. Contributions may also be tax-deductable.

An Individual Retirement Account that has tax-free withdrawal features not found in traditional IRA's. Roth IRA's offer Federal tax-deferred growth and the ability to make non-deductible contributions after age 70 1/2.

Retirement accounts designed for self-employed individuals. Keogh accounts offer many of the same benefits found in traditional IRA accounts.

An account owned by a legal entity that is separate and dis-tinct from its individual officers and shareholders. The entity is incorporated in a state or foreign country, and is recognized by the jurisdiction as a legal cor-poration. The account is opened and managed by individuals authorized by the officers of the corporation.

Assets owned by a fiduciary relationship, which arranges for a trustee to deposit and hold trust assets for the benefit of beneficiaries. The person creating the trust is known as the grantor, and may also be named as a beneficiary.

An account owned by two or more individuals, some of whom may have limited liability with respect to the obligations of the group.

A group of people who contribute their money into a pool to invest collectively in securities. Investment decisions are made as a group, with one person issuing instructions to the brokerage company.

An account carried by an agent bank for benefit of a brokerage customer. Payment for purchases in the brokerage account is due upon receipt of the securities by the agent bank, and is usually made by wire, check or direct credit. Most DVP accounts provide an RVP feature, which provides for the delivery and payment for sales in the brokerage account.

An account opened by an indivi-dual who has citizenship in a country different from the location of the brokerage company.

An account that adds leverage to the investment tools available to investors. The customer makes purchases and deposits a por-tion of the money due, usually 50%, with the balance remaining as a debt owed to the brokerage company. Eligible securities are held as collateral for the loan. The risks and rewards must be carefully considered when trading in margin accounts.

An account holder approved for trading and holding equity and index option positions. Options can be traded in most account types. Please contact the StockCross Options Department for more information. Options are not for everyone and the Risk Disclosure Document should be carefully reviewed.