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.

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.

Mentioned in ?

open box

References in periodicals archive ?

Checking the Allow Close When Active box gives Windows the ability to terminate the DOS session itself, although a dialog box will ask your permission.

Windows program information files: how Windows and non-Windows programs cooperate through PIFs

[-] It's a mistake to assume active boxes don't miss targets.

Panel mount traffic: Avidyne's TAS prevails: although there are performance differences, they aren't substantial. The TAS-600 offers the lowest cost of entry, but watch antenna installation costs