Business and Personal Finance Dictionary

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• ASSET MANAGEMENT ACCOUNT (AMA)
  
  These all-in-one investment accounts, also known as central asset accounts (CAAs) or cash management accounts (CMAs), provide the financial advantages of an investment account combined with the convenience of an interest-bearing checking account. Offered by many brokerage firms and mutual fund companies, AMAs generally offer check-writing and ATM privileges, credit cards, direct deposit, and automatic transfer from one account to another as well as access to reduced-rate loans and other perks. There are usually annual fees and minimum account requirements.
  
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