• 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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Tips for Trying to Fix a Clogged or "Frozen" Home Equity Line: For years, homeowners have turned to home equity lines of credit (HELOCs) as a way to borrow against their home's value to pay for college tuition, home improvements, medical bills and other major expenses. (A home's equity is the market value minus what is owed on the mortgage. If you owe $100,000 on your mortgage but your home is worth $250,000, your equity is $150,000.) More...

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