memorandum account

Definition

An special account used to hold excess margin from an investor's margin account. This type of account locks in unrealized gains and increases an investor's buying power. Also called special memorandum account.

Use memorandum account in a sentence

The memorandum account was a really interesting thing to me and I was glad that we had it cause it protected us.

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You should try to make sure that you are following the activities in your memorandum account to stay up to speed.

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After I purchased penny stocks on margin and made a lot of money, my stock broker shifted most of my profits into a memorandum account.

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memo entry memorandum and articles of association