Spousal Account is an IRA opened for a non-working spouse that allows a full contribution to be made for the non-working spouse.
Applying "Spousal Account" to Securities Exams:
Contributions to a traditional IRA (individual retirement account) are: 100% of a person’s earned income up to the maximum annual limit. In the case of a non-working spouse, where a person does not earn any income, the working spouse may make a contribution to the non-working spouse’s IRA. Keep in mind these are not joint accounts. The working spouse and the non-working spouse each has their own separate IRA.