What is GENERAL ACCOUNT?

Typically, an investment portfolio composed of safe, guaranteed investments. Used to invest the premium generated income.

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Related Legal Terms
GENERAL OVERHEAD ACCOUNT, WRAP ACCOUNT, ASSEMBLY GENERAL, MONEY MARKET DEPOSIT ACCOUNT, SEPARATE ACCOUNT, MANAGED ACCOUNT, GENERAL CONTRACTOR, SUB ACCOUNT, GENERAL COMMODITY RATE, GENERAL OBLIGATION (GO) BOND


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