Define: Adjunct Account

Adjunct Account
Adjunct Account
What is the dictionary definition of Adjunct Account?
Dictionary Definition of Adjunct Account

An adjunct account is a secondary account that is linked to a primary account and is used to provide additional features or services. It is typically used to supplement the primary account and may have limited functionality or access. Examples of adjunct accounts include joint accounts, sub-accounts, and add-on accounts.

Full Definition Of Adjunct Account

An adjunct account refers to a secondary or additional account that is linked to a primary account. It is typically used to provide additional features or services to the primary account holder. The adjunct account may have its own set of terms and conditions, including fees, interest rates, and transaction limits. The primary account holder has control over the adjunct account and can manage it alongside the primary account. However, it is important to note that the adjunct account is still subject to the overall terms and conditions of the primary account.

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This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.

This glossary post was last updated: 29th March 2024.

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