Funds

Funds

Industry: Financial services

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Funds

Net value (securities)

Financial services; Funds

The value of all securities held in your account, less outstanding liabilities, as of the statement or reporting date.

Revolving line of credit

Financial services; Funds

A line of credit that, subject to certain restrictions set forth by the lender, allows for an aggregate amount up to a maximum amount as determined by the lender to be borrowed, repaid and ...

The net value of your portfolio in a margin account. It is derived by taking your Long Market Value (LMV) minus any Short Market Value (SMV) adding any Margin Credit Balance (CR) or subtracting any ...

Managing underwriter

Financial services; Funds

The leading underwriter of an offering that acts as an agent for the underwriting group. This underwriting group is formed for the sole purpose of issuing securities for an entity, such as a ...

Processing fee

Financial services; Funds

Processing Fee: A fee, when applicable, that is charged for certain overhead costs related to trades.

Margin balance

Financial services; Funds

This balance represents either a debit balance, which is the amount of money owed to Merrill Lynch as a result of such transactions as trade commitments or Visa charges or a credit balance, which is ...

Product type

Financial services; Funds

Fixed or Variable Interest Rate product. For Alternative Investments indicates the Alternative Investment product type such as Private Equity, Hedge Funds, Managed Futures and Structured Product.