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BOX |
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Box The actual physical location at a brokerage house or bank where securities or other documents are stored for safekeeping. Alternatively, a quotation machine or battery march. Also known as 'the cage.' Box The physical location where a brokerage keeps securities being held as collateral on loans. Boxes are used for collateral on margin accounts and other transactions. A box is also called an open box. See also: Free box.
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