minimum liquid assets definition
minimum liquid assets means the minimum amount or amounts of liquid assets held by a bank under section 38 of the Act;
minimum liquid assets means the minimum amount or amounts of liquid assets held
minimum liquid assets means, as of a given date, Liquid Assets having a market value of at least $25,000,000.00.
More Definitions of minimum liquid assets
minimum liquid assets. The sum of all Non-Broker-Dealer Cash plus Distributable Net Capital. Minimum Regulatory Net Capital: The amount of net capital required for any Subsidiary that is a broker-dealer under Section 15(c)(3) of the Exchange Act and the regulations promulgated thereunder; provided, however, in no event shall Minimum Regulatory Net Capital be less than the greater of (a) the lesser of (x) $250,000 and (y) the minimum fixed dollar amount applicable to such Subsidiary or (b) two percent (2%) of aggregate debit items.