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6 Cards in this Set
- Front
- Back
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LMV
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Long Market Value: the current market value of the stock position the investor purchased.
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DR
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Debit Register: the amount of money borrowed by the customer.
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EQ
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Equity: the customers net worth in the margin account; it represents the portion of the securities the customer fully owns.
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EE
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Excess Equity: The amount of equity in an account that is above the Reg T amount.
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SMA
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Special Memorandum Account: An additional line of credit which is created when the market value increases. If the market value never increases SMA is never created.
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Retention Requirement
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When an account is restricted and a client sells securities half the proceeds must go towards the debit.
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