• Is the Special Memorandum Account. It refers to the amount of withdrawable cash from a margin account. It is the difference between the Account Equity and the Margin Requirement at Current Market Values.

 Embedded terms in definition
Margin account
Margin requirement
Market value

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

When a true genius appears in the world you may know him by this sign: that all the dunces are in confederacy against him. - Johnathan Swift


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