Sentences with phrase «debit balance»

A "debit balance" refers to the amount of money that you owe or have withdrawn from an account, resulting in a negative total. It means that you have spent more than what you originally had in the account, leading to a negative balance. Full definition
You agree to reimburse us for any collection costs relating to any unsecured debit balance in your Account, including attorney's fees, court costs, and interest.
See the short credit / short debit balance definition for more information about this weekly process.
For a $ 50,000 + debit balance you pay an 8.50 % margin rate.
Therefore, you will remain to have a $ 100 CAD credit and a $ 100 USD debit balance (or a loan) in your account.
8In addition to commission charges, a $ 15 handling fee will be applied to HSBC InvestDirect credit sell - outs of Under - Margined / Debit Balance Accounts.
If you want to make it even easier on yourself, have your credit card issuer automatically debit the balance on this card from your bank account so there's no risk of forgetting a payment.
An insufficient credit history can affect your score negatively, but this can be countered if you show that you make your payments on term and keep low - value debit balances.
The cash account and the loan receivable account represent assets for the business and have normal debit balances.
Interest is computed based on the settled debit balance in your Margin Account each day during the period.
Accountable for student debit balances, ensuring all eligible students are awarded maximum funding needed and requested.
Approved and monitored accounts with high debit balances.
Stocks that are eligible to be loaned out are all «fully - paid» stocks (stocks not held on margin) and «excess - margin» stocks (stocks held on margin but whose market value exceeds 140 % of your margin debit balance).
Such margin accounts may from time to time have debit balances.
Because the shareholders» equity section normally has a credit balance, the Treasury Stock (a debit balance) serves to reduce the overall stated value.
The man who obeys the regulations acquires a credit balance; the man who fails to do so acquires a debit balance.
Rather, it was to ensure that we would not then be plunged into a debit balance after the purported purchase of T. Lemar.
By trading on margin (sometimes also referred to as «leveraging» or «gearing») in your futures account, you acknowledge and agree that TradeStation may, in its sole discretion, and without prior notice to you, and at any time, impose a margin call and liquidate your account, in whole or part, to meet such margin call and otherwise satisfy or offset any debit item or debit balance, or decrease or eliminate leveraging, in your account.
Equity is the combination of cash and market value of securities in the account in excess of debit balances.
Well, yes, however, in a registered account there will be not be any interest since we convert your funds, but in a margin account, there will be interest until the debit balance is covered, or you can manually convert your funds by contacting us.
Whereas, in a registered account (e.g. RRSP), the amount is converted on your behalf to cover the debit balance.
In a registered account, the Canada Revenue Agency does not allow a debit balance and therefore, we must convert your funds on your behalf to cover the debit balance if possible.
They make their money with trailer fees, hidden fixed income commissions, hidden forex charges, no interest on credit balances, lengthy «hold» periods beyond settlement date, high interest on debit balances, multiple admin fees that have no relation to costs (e.g. transfer fees), lending your securities to short sellers, forcing you to open 0 % interest high fee bank accounts, etc, etc, etc
In that case, leaving the debit balance as is works effectively as a hedge.
Using margin cash available will increase your debit balance, which may be subject to margin interest.
Liquidate any transferable securities, or to the extent permitted by law, any Restricted Securities held in your Margin Account, or any other Account in which you have an interest, to satisfy the debit balance secured by the Restricted Securities.
Until such time as the default is cured and in substitution for any other rate of interest specified in this Agreement, charge interest at the default rate of 18 % per annum on the debit balance of all Margin Accounts which you maintain and debit such accounts from time to time for such interest (provided, however, that in no event do we intend to charge a rate of interest in excess of the maximum rate permitted by applicable law).
Set off or apply against the debit balance secured by such margin loan, any amount or assets held in any other Accounts you maintain.
Interest Rate on Debit Balances.
Account value of the qualifying account must remain equal to, or greater than, the value after the net deposit was made (minus any losses due to trading or market volatility or margin debit balances) for 12 months, or TD Ameritrade may charge the account for the cost of the offer at its sole discretion.
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