Client Money
/ˈklaɪənt ˈmʌni/
Definitions
- (n.) Funds received or held by a professional (e.g., lawyer, broker) on behalf of a client, which must be kept separate from the professional's own money.
The lawyer properly segregated the client money in a separate trust account.
- (n.) In financial regulation, money held by firms under client money rules intended to protect clients’ funds from claims by creditors.
The broker complied with client money rules to safeguard investors' deposits.
Forms
- client money
Related terms
See also
Commentary
Client money concepts often arise in contexts involving fiduciary responsibilities and regulatory compliance. Drafting should ensure clarity whether referring to the funds themselves or the rules governing their treatment.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.