blocked account

Blocked Account

A margin account in which the amount of equity is below SEC or brokerage requirements. Such an account is not allowed to buy any more stocks until the level of equity is raised; a portion each sale of stock must be used to pay down the account's debt. Regulation T sets the minimum equity standards, but individual brokerages may set higher standards. In general, however, an account becomes blocked when the market value of the stocks purchased on margin falls below the amount owed on the stocks. A blocked account is sometimes referred to as a restricted account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

blocked 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.
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After which, Veena, along with a screenshot of her blocked account, tweeted: "Okay so this happened.
entities use to buy Venezuelan oil will go into a blocked account in the United States, not the Maduro government.
companies from buying Venezuelan oil, but because the proceeds of such sales will be put in a "blocked account," PDVSA is likely to quickly stop shipping much crude to the United States, its top client.
The bank's move comes after its new app crashed within hours of launch and blocked account holders from accessing its services.
The MEBL in statement to Pakistan Stock Exchange said the company owns 522.03mn shares in the bank representing 49.1% of the issued and paid-up capital, lying in a blocked account maintained by Central Depository Company (CDC).
(15) If you decide to have a joint account, there's a solution to the problem of a blocked account: Sign a "long-life form" at the bank.
If you agree to do this we recommend a blocked account with the notary.
Trifone allegedly writing a bad check for $68.61 from a frozen or blocked account to Carquest Auto Parts on South Street last month, police said.
"The only difference is that the court may intervene and could even insist that any proceeds should be paid into a blocked account so that he cannot run off with them.
(55) In September 2009, President Obama eased the restrictions on remittances to Cuban nationals including those that had Cuban Blocked Accounts ("CBA") pursuant to an inheritance.56 At the present time, if the owner of a CBA is a Cuban national residing in Cuba and can demonstrate he or she was a "close relative" of the decedent from whom he or she inherited the funds, as defined under Section 515.339, (57) then he or she will qualify for an unlimited amount of remittance up to the entire balance of the blocked account to be sent via an authorized remitter provided that he or she meets the requirements under the Regulations.
The financiers will have an option to pledge the proprietary MTS financed shares lying in CDC blocked account against exposure with the stock exchanges.
The agreement states that the Locked-up Shares will be transferred into a blocked account for six months and held subject to the condition that they cannot be transferred out, disposed of or otherwise dealt with, without Wennberg's prior written approval.