authorization to transfer
authorization to transfer
A form signed by a customer permitting a broker to transfer funds from the customer's segregated account to that customer's nonsegregated account. The purpose of the transfer is usually to cover a shortage of funds in a margin account with funds that the customer has in a separate account.
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.