MoneyGlossary.com
Home  

Fictitious credit

Definition: [crh] A margin account's credit balance. Fictitious credit exists after the proDefinition: ceeds from a short sale are accounted for with respect to the margin requirement. The proceeds from the short sale are reflectDefinition: ed as a credit, but must stay in the account to serve as security for the loan of securities<Definition: /A> made in a short sale, and are therefore inaccessible to the client for withdrawal.

<< Go back