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house maintenance requirement

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Financial Dictionary

house maintenance requirement

The minimum equity that must be kept in a customer's margin account as determined by the firm holding the account. A house maintenance requirement is imposed when a brokerage firm desires a more strict maintenance margin requirement than the one required by an exchange or by the National Association of Securities Dealers.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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