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Active Box |
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Active box Securities that are held in safekeeping and are available as collateral for securing brokers' loans or customers' margin positions.
Active Box Collateral used to secure funds borrowed on a margin account. A margin account allows an investor to buy securities with money borrowed from a broker; the funds are payable on demand of the broker. They also must be secured by an active box, which usually consists of securities owned by the borrower. The "box" refers to a safe where the stock and bond certificates are kept until the margin account is paid off. It is also called an open box. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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ITV Active requires connection to a fixed
telephone line; the ITV Active box is provided free on loan for as long
as a subscription is maintained. |
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