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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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If withdrawal is not possible, the savings will be retained in Switzerland on a blocked account (vested benefits account or vested benefits policy).
[ILLUSTRATION OMITTED] In the past, the supermarket chain relied on a negative database that simply blocked account numbers and driver's licenses.
About US$140 million has been repatriated, and another US$200 million is in blocked accounts.
 
 
 
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