Free Equity definition
Examples of Free Equity in a sentence
If your Margin Cover is not positive, there will be no Free Equity.
Interest will be charged on the full negative Net Free Equity on any Trading Account, regardless of whether you hold other Trading Accounts which have positive Net Free Equity.
The Aggregate Outstanding Balance of Principal Receivables in the Removed Accounts did not exceed the lesser of (i) the Free Equity Amount over the Minimum Free Equity Amount or (ii) the excess of the Note Trust Principal Balance over the Required Principal Balance, all measured as of the end of the most recently ended Monthly Period.
Please note that this means that if you hold multiple Trading Accounts, you may incur interest charges although the aggregate Net Free Equity Position of all your Trading Accounts may be positive.
If there is insufficient Free Equity in the Client’s Account, any amount due under this Clause 48 is a debt due and owing by the Client.