Series 24: 3.7.1.2. Credit Agreement

Taken from our Series 24 Online Guide

3.7.1.2.  Credit Agreement

The second part of a margin agreement, the credit agreement, details the terms and conditions for the credit that the broker-dealer offers the customer. This agreement specifies the interest rate on the loan (i.e., broker call rate), and it describes how the firm will calculate the interest.

Since you're reading about Series 24: 3.7.1.2. Credit Agreement, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 24
Please Enable Javascript
to view this content!