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.

blocked account

Mentioned in ?
References in periodicals archive ?
On 25 February 2014, Loeb wrote to the ambassador: "I am told the 2014 settlement payments to Hassen and Roger Clark (Hassen's lawyer) are due to be released from the blocked account.
One member, for instance, was primarily concerned about two specific transactions clearing on a blocked account.
You do not get notifications when the blocked account mentions you, nor can the blocked account do things like send you direct messages.
The minister was informed about the background of the demutualization of the exchanges and requirements stipulated in the Stock Exchanges (Corporatization, Demutualization and Integration) Act, 2012 in relation to divestment of 60 percent shares of the stock exchanges lying in the blocked account to the Strategic Investor(s) (SIs), general public and local financial institutions.
If you agree to do this we recommend a blocked account with the notary.
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.
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.
He said, 'The fundamental difference between [this plan] and the Empire Pool - which is driving the politicians - is that we've got a site, we've got money in the blocked account, and we'll have a signed contract with a major contractor ready to go.
When an insurer has verified that a policyholder matches the OFAC list, the insurer must establish an interest-bearing blocked account through a U.