• 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.
What Happens If a Bank Fails?: How the FDIC protects depositors, including providing quick access to insured funds. More...
Always behave like a duck--keep calm and unruffled on the surface but paddle like the devil underneath. - Jacob Braude
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