Immediate Family

A person's smallest family unit, consisting of the closest relatives, such as parents, siblings and children. Immediate family may contain both biological relatives and those related through marriage, such as a brother-in-law. Exact inclusions for the immediate family may differ depending on the defining party.

A variety of rules and legislation relate to one's immediate family. The Financial Industry Regulatory Authority (FINRA), formerly the NASD, prohibits the sale of hot issues to immediate family members, as stated in the Rules of Fair Practice. Additionally, rules governing one's immediate family are noted in FINRA's concepts of withholding and free-riding.

Insurance policies and tax legislations also have provisions relating to immediate family members.


Investment dictionary. . 2012.

Look at other dictionaries:

  • immediate family — noun a) A family unit consisting of a parent or parents and their children. b) A family unit consisting of all relatives living in a single household …   Wiktionary

  • immediate family — nuclear family, family of the closest relation, parents and children …   English contemporary dictionary

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  • immediate family — Term generally referring to one s parents, wife or husband, children, and brothers and sisters …   Black's law dictionary

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  • immediate — [i mē′dē it] adj. [LL immediatus: see IN 2 & MEDIATE] 1. having nothing coming between; with no intermediary; specif., a) not separated in space; in direct contact; closest; nearest b) close by; near [immediate neighbors] c …   English World dictionary

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