Search for a term:

special miscellaneous account


Definition
Separate account that serves as a place to deposit any excess funds that may be acquired from a client's margin account. The sole purpose of this account is to move funds out of the margin account to essentially protect the excess funds from capital losses. Funds deposited into a special miscellaneous account may be withdrawn at any time for cash or may be used to purchase additional securities.


Related Terms

adjusted debit balance -  More

Related Personal Finance Articles

Loading...

special miscellaneous account in the news

Loading...
Enter your email address to get our free Term of the Day newsletter!

special miscellaneous account is ...

... part of the Accounting and Bonds subjects.

Search volume for special miscellaneous account

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z