Securities owned by a customer and held by a brokerage that are kept together with securities owned by the brokerage itself. This especially refers to margin securities kept as collateral. Commingled securities are legal with the permission of the customer. See also: Hypothecation.
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Customers' securities that are stored together with a brokerage firm's securities.
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.