maintenance call

Maintenance call

A call for additional money or securities when a margin account falls below its exchange-mandated required level.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Maintenance Call

An order by a brokerage for an account holder to deposit more cash or securities into a margin account when the value of the cash and securities currently in it falls below some defined percentage. Every margin account has a maintenance margin requirement, which is money or securities an investor must keep in his/her margin account in order to be able to borrow from the brokerage. FINRA requires that the maintenance margin must be at least 25% of the amount borrowed, while some brokerages require maintenances of up to 50%. If the maintenance margin falls below this, the account may be subject to a maintenance call. If the account holder is not able to make the necessary deposit, he/she must close out enough positions in order to make the deposit, or risk the account becoming blocked. A maintenance call is a form of a margin call.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

maintenance call

A call to an investor for additional funds when the market value of securities in the investor's margin account has fallen to the point that the investor's equity (that is, the value of the securities minus the amount owed) does not meet an established minimum. If the investor does not supply the required money or securities, the firm will sell a certain number of securities sufficient to bring the account into conformity. A maintenance call is a type of margin call.
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.
References in periodicals archive ?
It's easy to sell if you have a good product and good sales representative, but I emphasise on the after-sales service commitment and I personally ensure that our maintenance department responds to any maintenance call immediately and without delay and conduct regular training and follow-up visits to ensure our customers' satisfaction.
The occasional maintenance call or visit is all that is needed to ensure the customer is happy and their requirements have been met."
Also, I could arrange a maintenance call. Amazing isn't it?
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As a full building service provider, we may be asked to carry out a large refurbishment project such as this or perhaps more typically, a minor repair or maintenance call out at a single home for our housing association customers.
NASA astronauts Dave Wolf and Chris Cassidy are replacing four of six old solar array batteries on the International Space Station on Wednesday, in a maintenance call that will last more than six hours.

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