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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. 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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When an insurer has verified that a policyholder matches the OFAC list, the insurer must establish an interest-bearing blocked account through a U. The class B notes are backed by a cash deposit held in a blocked account with Fortis Bank. Either repurchase of preferred stock would be funded from a blocked account into which the company deposited $4. |
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