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The debit balance in a margin account represents the total amount owed by a client to a broker for funds borrowed to purchase securities. There are two types of trading accounts: cash account and margin account. A cash account only uses cash available to buy securities, while a margin account uses borrowed money from a broker to buy securities. The loan amount in the margin account is a debit balance. Margin borrowing is also known as leverage. The adjusted debit balance is the debit balance minus the profit from short sales in the account. Judgment Proof
September 25, 2022 If a person is considered a reliable court, it probably means that he has no assets and no job. 341 Meeting
September 25, 2022 The 341 meeting is an important milestone in the Chapter 7 bankruptcy process. Application Programming Interface (API)
September 25, 2022 The Application Programming Interface (API) establishes an online connection between the data provider and the end user. Automated Clearing House (ACH)
September 25, 2022 The Automated Clearing House (ACH) is an electronic funds transfer system that facilitates payments in the US. Automated Customer Account Transfer Service (ACATS)
September 25, 2022 Automated Account Transfer Service (ACATS) can be used to transfer stocks, bonds, cash, mutual funds, mutual funds, options, and other investment products. Back Office
September 25, 2022 The back office is the part of the company that consists of administrative and support staff who do not work with clients. Bad Credit
September 25, 2022 A person is considered to have bad credit if they have not paid their bills on time or owed too much money in the past. Bankruptcy
September 25, 2022 Bankruptcy is a legal proceeding carried out in order for individuals or legal entities to be freed from their debts, while at the same time providing creditors with the opportunity to repay them. Beacon Score
September 25, 2022 The Pinnacle Score is a credit scoring method developed by Equifax. Broker-Dealer
September 25, 2022 A broker-dealer is a financial institution that trades securities on behalf of clients, but which may also trade for itself. Brokerage Account
September 25, 2022 Investors have different needs and should choose their brokerage firms accordingly. Brokerage Company
September 25, 2022 A brokerage company primarily acts as an intermediary, connecting buyers and sellers to facilitate a transaction. Brokerage Fee
September 25, 2022 A broker or agent charges a commission for executing trades or providing specialized services. Chicago Mercantile Exchange (CME)
September 25, 2022 The Chicago Mercantile Exchange, or Merc, is an organized exchange for trading futures and options. Collection Agency
September 25, 2022 A collection agency is a company that lenders use to recover overdue funds or funds from accounts that are in default. Consumer Credit
September 25, 2022 An installment loan is used for a specific purpose and is issued for a specific period of time. Credit
September 25, 2022 A loan is usually defined as an agreement between a lender and a borrower. Credit Limit
September 25, 2022 The term “credit limit” refers to the maximum amount of credit that a financial institution provides to a customer on a credit card or line of credit. Credit Rating
September 25, 2022 A credit rating is a quantitative assessment of a borrower’s creditworthiness in general or in relation to a financial obligation. Credit Report
September 25, 2022 A credit report is a detailed report of your credit history prepared by a credit bureau. Credit Risk
September 25, 2022 Credit risk is the possibility of a lender losing its obligations due to the possibility of a borrower defaulting on a loan. Credit Score
September 25, 2022 A credit score is a number between 300 and 850 that reflects a consumer’s creditworthiness. Creditworthiness
September 25, 2022 Creditworthiness is how the creditor will tell if you will not fulfill your debt obligations. Custodial Account
September 25, 2022 A deposit account is a savings account created and managed by an adult for a minor. Dealer Market
September 25, 2022 The dealer market is a transparent financial market mechanism in which several dealers publish the prices at which they are willing to buy or sell a particular security.