maintenance call

(redirected from Maintenance Calls)

Maintenance call

A call for additional money or securities when a margin account falls below its exchange-mandated required level.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Maintenance Call

An order by a brokerage for an account holder to deposit more cash or securities into a margin account when the value of the cash and securities currently in it falls below some defined percentage. Every margin account has a maintenance margin requirement, which is money or securities an investor must keep in his/her margin account in order to be able to borrow from the brokerage. FINRA requires that the maintenance margin must be at least 25% of the amount borrowed, while some brokerages require maintenances of up to 50%. If the maintenance margin falls below this, the account may be subject to a maintenance call. If the account holder is not able to make the necessary deposit, he/she must close out enough positions in order to make the deposit, or risk the account becoming blocked. A maintenance call is a form of a margin call.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

maintenance call

A call to an investor for additional funds when the market value of securities in the investor's margin account has fallen to the point that the investor's equity (that is, the value of the securities minus the amount owed) does not meet an established minimum. If the investor does not supply the required money or securities, the firm will sell a certain number of securities sufficient to bring the account into conformity. A maintenance call is a type of margin call.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Optimal Alliance Home Care is now offering a new concierge program which tackles the tasks of handling house maintenance calls, bill management, house sitting, errands and much more.
Maintenance calls are a great opportunity to turn a negative into a positive.
Suzuki Connect aims to improve user convenience and experience through advanced technology for emergency alerts, vehicle tracking, live vehicle status, and preventive maintenance calls. It will be offered as an option that can be installed by customers in their cars across Nexa network in the country.
FSI will be responsible for providing the software to provide Al Rajhi Bank with a centralised helpdesk that can manage reactive maintenance calls, from logging a call all the way through to completion, as well as a centralised asset management system which will allow them to register all their assets and conduct Planned Preventative Maintenance (PPM) effectively and efficiently.
Additionally, FSI will deliver software with a centralised helpdesk to manage maintenance calls - from logging the call through to completion - as well as a centralised asset management system.
The best of these smart, connected products will provide valuable data -- autonomously reporting on their own health, requesting service or preventive maintenance calls, identifying future design improvements, and validating warranty claims.
A technical support team can quickly respond to user inquiries or troubleshooting matters by phone or in person, or schedule the mobile service center for preventative maintenance calls. The company extends technical support with training during plant start up and service calls.
Performing lamp changes simultaneously and including other services will significantly cut back the number of maintenance calls you make and the money you spend.
Live Response Solutions also manages resident maintenance calls. The company ensures that every prospective resident call is answered and tracked, improving lead conversion ratios and gathering valuable data to improve lead quality.
As Wang supervisor, he installed and taught a telecommunications system that saved the company thousands of dollars in time and effort with fewer repairs and maintenance calls. Shortly before retiring Joe received a recognition award for his loyalty, knowledge and self-sacrificing attitude, for being helpful to every operator with advice and personal counseling without thought to himself.
Yamato understands the importance of responding to customers' breakdown and maintenance calls in order to keep downtime to a minimum.

Full browser ?