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Account Types & Registration flashcards
33 cards on account types & registration for the SIE exam. Short answers, one fact per card, and a line under each explaining why. Here is what the prompts look like:
- An account where the customer must pay in full for every purchase is a ＿＿＿ accountAnswer inside
- Which registration passes a deceased owner's share straight to the co-owner: JTWROS or tenants in common?Answer inside
- An account an adult opens and manages for a minor is a ＿＿＿ accountAnswer inside
- In a custodial account, who legally owns the assets?Answer inside
- Which custodial act allows property such as real estate to be held?Answer inside
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