- House Call
- A brokerage house notification that the customer's equity in a margin account has fallen below the maintenance requirement level. If the client fails to immediately deliver the required margin by depositing more funds or securities into the account, his or her position will be liquidated. Also known as a "margin call".
House call limits are usually higher than the limits mandated by the National Association of Securities Dealers (NASD), a self-regulatory group, and the major exchanges with jurisdiction over these rules. For example, if a brokerage set its house call limits equal to the limits mandated by NASD, the brokerage would violate this mandate each time a client required additional margin. Thus, the house limit provides the brokerage with a cushion and is in addition to the initial margin requirements set by Regulation T of the Federal Reserve Board.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
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house call — hau̇s .kȯl n a visit (as by a doctor) to a home to provide medical care … Medical dictionary
house call — n a visit that someone, especially a doctor, makes to a person in that person s home as part of their job … Dictionary of contemporary English
house call — house′ call n. cvb a professional visit, as by a physician or sales representative, to the home of a patient or customer • Etymology: 1955–60 … From formal English to slang
house call — n. a visit to the home of a patient, as by a doctor, or of a client, as by a businessperson, for professional purposes … English World dictionary
house call — a professional visit, as by a doctor or sales representative, to the home of a patient or customer. [1955 60] * * * house call noun A visit made by a professional person, esp a doctor, to a client or patient at home • • • Main Entry: ↑house * * * … Useful english dictionary
house call — Notification by a brokerage house that a customer s margin account is below the minimum maintenance level. The client must provide more cash or equity, or the account will be liquidated. Bloomberg Financial Dictionary … Financial and business terms
house call — n. visit made by a doctor to a patient s home; visit made by a professional to a client s house … English contemporary dictionary
house call — noun Date: 1960 a visit (as by a doctor or a repair person) to a home to provide a requested service … New Collegiate Dictionary
house call — a professional visit, as by a doctor or sales representative, to the home of a patient or customer. [1955 60] * * * … Universalium