Common use of MARGIN REQUIREMENTS, CREDIT CHARGES AND CREDIT INVESTIGATION Clause in Contracts

MARGIN REQUIREMENTS, CREDIT CHARGES AND CREDIT INVESTIGATION. You will at all times maintain such securities, commodities and other property in your accounts for margin purposes as LPL shall require from time to time and the monthly debit balances or adjusted balances in your accounts shall be charged, in accordance with LPL's practice, with interest at a rate permitted by the laws of the Commonwealth of Massachusetts. It is understood that the interest charge made to your Account at the close of a charge period will be added to the opening balance for the next charge period unless paid.

Appears in 6 contracts

Samples: Account Agreement, Account Agreement, Account Agreement

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