Exchange Currency

special miscellaneous account

Separate account that serves as a place to deposit any excess funds that may be acquired from a client's margin account. The sole purpose of this account is to move funds out of the margin account to essentially protect the excess funds from capital losses. Funds deposited into a special miscellaneous account may be withdrawn at any time for cash or may be used to purchase additional securities.

Related information about special miscellaneous account:
  1. Special Miscellaneous Account financial definition of Special ...
    Special Miscellaneous Account. Also found in: Dictionary/thesaurus, Medical, Encyclopedia, Wikipedia, 0.02 sec. Special Memorandum Account. The amount of ...
     
  2. What is special miscellaneous account? - InvestorWords.com
    Definition of special miscellaneous account: Separate account that serves as a ... Funds deposited into a special miscellaneous account may be withdrawn at ...
     
  3. Special Miscellaneous Account (SMA) Definition | Business ...
    Special Miscellaneous Account (SMA). memorandum account of the funds in excess of the margin requirement . Such excess funds may arise from the proceeds ...
     
  4. What is special miscellaneous account? - BusinessDictionary.com
    Definition of special miscellaneous account: An area where money can be put in to absorb costs that were incurred by capital losses.
     
  5. Special Memorandum Account (SMA) Definition | Investopedia
    A special account where excess margin generated from a client's margin account is deposited. Also known as "special miscellaneous account".
     
  6. special miscellaneous account (SMA) - Invest Definition
    special miscellaneous account (SMA) definition: An account in which balances in excess of the amount required under Regulation T are placed. Funds in an ...
     
  7. SMA and House Excess in Margin Accounts - BestVest Investments ...
    Excess equity is recognized by an entry to the Special Miscellaneous Account, commonly referred to simply as "SMA". Customer A's excess equity is $500, which ...
     
  8. Frauds and Scams Glossary | Common Terms for Financial ...
    When a same-day substitution is made, a margin call is not generated, and there is no credit release to the special miscellaneous account (SMA). A long sale ...