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The actual physical location at a brokerage house or bank where securities or other documents are stored for safekeeping. Alternatively, a quotation machine or battery march. Also known as 'the cage.'
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The physical location where a brokerage keeps securities being held as collateral on loans. Boxes are used for collateral on margin accounts and other transactions. A box is also called an open box. See also: Free box.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.