active box

Active box

Securities that are held in safekeeping and are available as collateral for securing brokers' loans or customers' margin positions.

Active Box

Collateral used to secure funds borrowed on a margin account. A margin account allows an investor to buy securities with money borrowed from a broker; the funds are payable on demand of the broker. They also must be secured by an active box, which usually consists of securities owned by the borrower. The "box" refers to a safe where the stock and bond certificates are kept until the margin account is paid off. It is also called an open box.

active box

See open box.

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open box

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