restricted account

Restricted account

A margin account without enough equity to meet the initial margin requirement that is restricted from any purchases until the requirement is fulfilled.

Restricted Account

A margin account in which the amount of equity is below SEC or brokerage requirements. Such an account is not allowed to buy any more stocks until the level of equity is raised; a portion each sale of stock must be used to pay down the account's debt. Regulation T sets the minimum equity standards, but individual brokerages may set higher standards. In general, however, an account becomes restricted when the market value of the stocks purchased on margin falls below the amount owed on the stocks. A restricted account is sometimes referred to as a blocked account.

restricted account

A margin account in which the customer cannot purchase any additional stock on margin without putting up more equity. An account is restricted when its debit balance is greater than the loan value of the securities within the account. Also called blocked account.
References in periodicals archive ?
Act 85 of 2016 established a continuing appropriation of Article II revenues from Pennsylvania's general fund to a restricted account to be used for debt service.
You could make the same argument for a database admin account verses a restricted account used with Open Database Connectivity (ODBC) for database reporting.
According to the press release, "A special restricted account has been established through the George H.
The firm is also creating a temporary restricted account, a "transition" retirement account for holding new assets and securities coming into the firm prior to the client and advisor's choosing of a suitable investment platform.
The credit union also unfairly restricted account access when members had a delinquent loan.
Supporters hoped that by limiting the scope of the measure and placing the money raised into a restricted account, they could quell long-standing voter distrust about both the need for a tax increase and where, if approved, the money generated would go.
The restricted account - around $70 million - is used to pay for fixed costs such as salaries and maintenance.
According to the company, the payment represents the remaining cash in the restricted account containing proceeds from the sale of its Yorktown refinery and an underutilised segment of pipeline in New Mexico in December 2011.
You can't just move funds around from a restricted account to a general account.
The remaining 75% was put into a restricted account and could not be sold for more than four years.
If clients intend to avoid using a restrictive document such as a trust or other restricted account, consider whether their heirs will leave the account intact, so that the fruits of their labor and the dues paid upfront will be distributed as efficiently as possible between generations.
Virtually all the surviving mutuals had either bumped up their minimum account opening balances substantially, restricted account applications to those living in their homeland, or asked new customers to sign away possible future windfalls to charity.