blocked account

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Blocked Account

A margin account in which the amount of equity is below SEC or brokerage requirements. Such an account is not allowed to buy any more stocks until the level of equity is raised; a portion each sale of stock must be used to pay down the account's debt. Regulation T sets the minimum equity standards, but individual brokerages may set higher standards. In general, however, an account becomes blocked when the market value of the stocks purchased on margin falls below the amount owed on the stocks. A blocked account is sometimes referred to as a restricted account.

blocked account

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The latest statistics posted on the web site of the National Bank of Macedonia show that a rising number of physical persons are not in a position to settle their liabilities as the number of blocked accounts of firms has slightly decreased.
Half of the firms in Macedonia, or a total of 37,256, had blocked accounts in August, according to the reports of the National Bank.
In October, the number of blocked accounts went up to 140,000, 59,000 of which were accounts of legal and as many as 80,807 accounts of physical persons.
He added that it is clear that companies have no money and this is confirmed with the increased number of blocked accounts.
People were hard put to pay credit installments on time and the number of blocked accounts of companies was on the rise.
Around 30,000 firms and just as many citizens have been put on a list of the Central Register due to blocked accounts.
Due to unsettled debts, the Internal Revenue Office continued blocking banks accounts of firms and individuals in December 2010 and, according to National Bank statistics, blocked accounts in December totaled 89,232, which is an increase of 2,000 from November.
The municipalities that cannot move to the second stage of decentralization because of blocked accounts will be helped with government lending approved for longer periods of time.
This is the dilemma the opposition raised at the parliamentary debate Monday, saying they will not support a budget bill that brings poverty, blocked accounts and a worse standard of living.
According to Penchev, the same act allows BNB a faster-track approach with regard to a bank that has stopped payments for more than seven workdays, which could help KTB's clients regain access to their blocked accounts before the six-month period expires.
Widening the eligibility to obtain an Electronic Fund Transfer Card (EFTC) the holders of Migrant Blocked Accounts, SIA, and Diplomatic Accounts etc.