blocked account

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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Deposits and Guarantees required: It was agreed that security for liability for defects by depositing money in a blocked account, or transfer of a warranty guarantee.
The minister was informed about the background of the demutualization of the exchanges and requirements stipulated in the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012 in relation to divestment of 60 percent shares of the stock exchanges lying in the blocked account to the Strategic Investor(s) (SIs), general public and local financial institutions.
Regarding the payment of the fair price, Prospector will prior to trading on Oslo Axess on 23 February 2015 have deposited an amount equal to the product of the number of the Remaining Prospector Shares and the Squeeze-Out Price (the " Squeeze-Out Consideration ") in a blocked account with the Squeeze-Out Agent allowing the Squeeze-Out Agent to pay the Squeeze-Out Price per share to all the holders of Remaining Prospector Shares through DNB Bank ASA, being Prospector's VPS registrar (the " Registrar ").
7m in a blocked account until delivery of the project.
If you agree to do this we recommend a blocked account with the notary.
61 from a frozen or blocked account to Carquest Auto Parts on South Street last month, police said.
The only difference is that the court may intervene and could even insist that any proceeds should be paid into a blocked account so that he cannot run off with them.
339, (57) then he or she will qualify for an unlimited amount of remittance up to the entire balance of the blocked account to be sent via an authorized remitter provided that he or she meets the requirements under the Regulations.
The indemnification for the shares subject to the squeeze-out will be deposited by Honeywell Holding France, net of fees, on the same date, in a blocked account opened for such purpose with BNP Paribas Securities Services, which will centralize the payment transactions.
The financiers will have an option to pledge the proprietary MTS financed shares lying in CDC blocked account against exposure with the stock exchanges.
He said, 'The fundamental difference between [this plan] and the Empire Pool - which is driving the politicians - is that we've got a site, we've got money in the blocked account, and we'll have a signed contract with a major contractor ready to go.
When an insurer has verified that a policyholder matches the OFAC list, the insurer must establish an interest-bearing blocked account through a U.