Joint Account

A brokerage account shared by two or more individuals, each with the authority to trade and manage the assets within it. Joint accounts come in two main forms: "joint tenants with right of survivorship," where ownership passes to the surviving holder upon death, and "tenants in common," where each party's share goes to their estate. Married couples commonly use joint accounts, but traders should be aware that all parties are equally liable for any margin calls or losses.