open box

Also found in: Acronyms.

Open Box

1. The physical location where a brokerage keeps securities being held as collateral on loans. Open boxes are used for collateral on margin accounts and other transactions. See also: Free box.

2. Collateral used to secure funds borrowed on a margin account. A margin account allows an investor to buy securities with money borrowed from a broker; the funds are payable on demand of the broker. They also must be secured by an open box, which usually consists of securities owned by the borrower. The "box" refers to a safe where the stock and bond certificates are kept until the margin account is paid off. An open box in this sense is also called an active box.

open box

The physical location within brokerage firms of securities that are available for use as collateral for loans. Also called active box. Compare free box.
Mentioned in ?
References in periodicals archive ?
Paris Thomas, co-founder of Open Box Communication, stated: "We were very pleased with the outcome of the 1st masterclasss and we look forward to sharing this powerful knowledge with more Cypriot business professionals.
According to the company, since the launch of the SesameVault in 2007, Open Box has built its infrastructure on Dell with clusters of Dell PowerEdge 1950 rack servers and Dell/EMC storage co-located at multiple facilities across the US.
Working in groups of four, students visualized and predicted which of the pentominoes could be folded to make an open box like the box in the story.
Open Box Communication is offering for the first time in Cyprus a two-day masterclass on July 10th & 11th 2014 for training in the Business Model Generation framework created by Strategyzer Academy.
She chose to endure her illness in a hotel suite littered with pill bottles, SlimFast, nicotine gum and an open box of Tamiflu tablets.
Prosecutor Simon Jones said of-ficers found an open box of 200 counterfeit Benson and Hedges cigarettes and a further nine boxes hidden in the house in First Avenue, Galon Uchaf, Merthyr.
The entrance to the town-hall side is an open box turned at 45 degrees to the main axis to act as a welcoming portico.
These sculptures, which the artist refers to as "things," look like an open box, or like a wallpiece, or like a bench.
com Open Box Communication is proud to announce a recently acquired global certification on the ground-breaking Business Model Generation framework by Alex Osterwalder.