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a demand from a brokerage house to a customer that more money or securities be deposited in his or her margin account when the amount in it falls below that stipulated as necessary to cover the stock purchased.
Based on the Random House Dictionary, © Random House, Inc. 2014.
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The reality is that there was a
on the debt.
If actual clean-up costs for the insolvency are less than the
, the excess can be refunded.
Funds used to meet a day-trading
would be required to remain in the account for two business days.
Generally, the net capital rule requires broker-dealers to take a capital charge if a customer fails to meet a
Accounts of this kind would generally be subject to a
The stock's price falls and the broker issues a
The stock price falls and the broker issues a
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