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.
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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.
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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.
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Our SesameVault platform exceeded their expectations by also providing them with complete control over how the content was integrated with the Interview Project players and website," said Cameron Brain, CEO and founder of Open Box Technologies.