Margin account

Margin account

A form of account with a stockbroker whereby the broker lends the account holder money to invest in securities.

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Part of Speech: noun
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Industry/Domain: Financial services
Category: Securities brokerage
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Related terms

margin account

Banking; Investment banking

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Financial services; Funds

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Financial services; General Finance

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Literature; Fiction

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Financial services; Mortgages

The profit made by a mortgage lender in an adjustable-rate mortgage, calculated by subtracting the adjustment-index rate from the interest rate.

GTC

Financial services; Securities brokerage

Good 'Til Cancelled. An order placed with a broker to buy or sell stock once it reaches a certain price, or until the investor decides to cancel the order.

Series 63

Financial services; Securities brokerage

The next exam to be taken by stockbrokers following the Series 7 exam. Having passed the exam, the holder is permitted to solicit orders for any type of security.

Commission

Financial services; Securities brokerage

The fee charged by a stockbroker for advice or arranging the purchase or sale of a security.

Churning

Financial services; Securities brokerage

When a stockbroker excessively trades using a client's account to increase his commission.

CRD

Financial services; Securities brokerage

Central Registration Depository. A disciplinary and employment database, which can be used to do pre-checks on a broker before employing their services.