Lead water pipes were still in common use in the early 20th century and remain in many households. Lead-tin alloy solder was commonly used to join copper pipes, but modern practice uses tin-antimony alloy solder to join copper in order to eliminate lead hazards.
DEFINITION of 'Omnibus Account'. An account between two futures merchants (brokers). It involves the transaction of individual accounts which are combined in this type of account, allowing for easier management by the futures merchant.Next Up.t involves the transaction of individual accounts which are combined in this type of account, allowing for easier management by the futures merchant.
What is a 'Wrap Account' A wrap account is used by a brokerage firm to manage an investor's portfolio for an annual fee, which is based on total assets under management (AUM). This fee covers all of the administrative, commission and management expenses for the account. For many investors, a wrap account is less expensive than a brokerage account that charges commissions for trading. BREAKING DOWN 'Wrap Account'