Common use of Balances Owed Clause in Contracts

Balances Owed. On demand, you agree to pay any balance owed with respect to your Margin Account, including, but not limited to, interest, commission, other fees and costs of collections. You understand that all payments received in your Margin Account, including dividends, interest, premiums and principal payments may be applied to the balance due in your Margin Account.

Appears in 2 contracts

Sources: Margin Supplement Agreement, Margin Supplement Agreement