Series 28: Margin

Taken from our Series 28 - Introducing Broker-Dealer Financial and Operations Principal Qualification Examination

Definition of the term Margin...

the option given to customers to borrow money to buy additional securities, using their existing securities as collateral for the loan. Also refers to the amount of equity contributed by a customer to a margin account, expressed as a percentage of the total market value of the securities in the account.

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