fictitious credit

Fictitious credit

A margin account's credit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement. The proceeds from the short sale are reflected as a credit, but must stay in the account to serve as security for the loan of securities made in a short sale, and are therefore inaccessible to the client for withdrawal.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Fictitious Credit

The credit available on a margin account. This refers to the proceeds from a short sale that are deposited in the account, resulting in extra credit available to the account holder. However, because this credit comes from securities being used as collateral, the fictitious credit is not locked in and, more importantly, the account holder cannot withdraw it directly.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

fictitious credit

The dollar amount credited to an investor's brokerage account following a short sale. The credit, which represents both the proceeds of the sale and the margin required under Regulation T, is used as collateral for the borrowed shares and may not be withdrawn by the investor.
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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Emersyn knew that if Store 4's manager had intentionally recorded fictitious credit sales, he most likely wouldn't have recorded the corresponding cost of sales.
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At press time, the SEC said it was continuing its investigation after charging an Indianapolis man with fraud for conducting an Internet offering that cost investors millions of dollars who invested funds in fictitious credit unions.
In the following year, management might reverse the phony sales using fictitious credit memos.
The inquiry was launched at Cleeve School, a comprehensive at Bishop's Cleeve, near Cheltenham, in April when pupils allegedly attempted to obtain goods via the Internet using fictitious credit cards.
Table--1 Condition of Bank Global Description September 2004 December 2004 Assets Rp 1.848 trillion -- Current year's profit Rp 12.769 billion -- Reserve requirement 6.48% Less than 1% Capital Adequacy ratio 44.84% -39% Bonds -- Rp 800 billion Third arty fund Rp 905 billion Rp 1 trillion Fictitious credits -- Rp 30 billion Number of clients 10,000 Source: Bank Indonesia Table--2 Holders of bonds issued by Bank Global Description Value (Rp billion) PT.