Definition of "Self-directed account"

Type of individual retirement account (IRA) allowed by the employees retirement income security act of 1974 (erisa) in which contributions are paid into a custodial account sponsored by a bank or stockbroker. The owner of the account selects the types of investments into which the contributions are made.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Insurance Terms

Special insurance that covers warehousers liability to customers whose property is damaged by an insured peril while in the custody of an insured warehouser. Policy deductibles may range ...

Date at which an insurance policy goes into force. ...

An act or violation that consists of two wrongs: tort negligent act or omission by one or more parties against the person or property or another party or parties, liability insurance is ...

in life insurance, difference between the face value of a life insurance policy and its cash value (also known as "pure amount of protection"). ...

Waiver of an impairment of an applicant for health insurance by attaching an endorsement to the health insurance policy stating that the policy will pay no benefits in connection with the ...

Risk that substantially fails to meet the requirements OF INSURABLE RISK. ...

Agreement of two or more insurance companies to provide a product or service. ...

Insurance company that sells property and casualty insurance only to industrial insureds. These companies are separately licensed and separately capitalized to market insurance to cover the ...

Period of time of insurance coverage. If a loss occurs during this time, insurance benefits are paid. If a loss occurs after this time period has expired, no insurance benefits are paid. ...

Popular Insurance Questions