wrap account

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Also found in: Financial.

wrap′ account`

a personally managed investment account where charges are levied on the basis of the account's total assets.
References in periodicals archive ?
The relief applies to certain domestic and foreign takeover bids, accelerated rights issues, investor directed portfolio services (IDPS), share buy-backs and downstream acquisitions and is set out in the following new legislative instruments:
On 4 August 2015, ASIC released Consultation Paper 234 Remaking ASIC class orders on takeovers and schemes of arrangement (CP 234), which outlined our proposals to remake Class Order CO 05/850 Unsolicited offers under a regulated foreign takeover bid, Class Order CO 02/259 Downstream acquisitions: foreign stock markets, Class Order CO 00/2338 Relief from the minimum bid price principles621(3), Class Order CO 02/249 Approved overseas financial marketss257B(7), Class Order CO 04/523 Investor directed portfolio services takeover relief and Class Order CO 09/459 Takeovers relief for accelerated rights issues with minor changes, including:
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