free box
Free box
A bank vault or other suitable storage place for the
securities of a
firm's customer.
Free Box
An area in a
brokerage where
security certificates are stored, especially when the securities are completely owned by clients and are not being used as
collateral on a
margin account. See also: Safety Deposit Box.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
free box
The site in brokerage firms where securities that are fully owned by customers are located. Securities in the free box are free of encumbrances. Compare
open box.
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.
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