Fictitious credit

FICTITIOUS CREDIT - A margin account's credit balance. Fictitious credit exists after the proceeds from...
FICTITIOUS DEED OF TRUST - Comprehensive master deeds of trust are established by lenders to cover all ...

Fictitious Credit
The credit balance in a margin account is known as a fictitious credit because it cannot be withdrawn by the customer since it is held as collateral to secure the broker's loan of funds and securities to the customer.

Fictitious Credit
An outstanding balance in a margin account that cannot be withdrawn because it is being used as collateral.

FICO See: Financing corporation Fictitious credit A margin account's credit balance. Fictitious credit exists after the proceeds from a short sale are accounted for with respect to the margin requirement.

fictitious credit A credit balance in a securities margin account representing short sale proceeds and the Regulation T margin requirement. fidelity bond A debt obligation serving to protect an employer from loss in the event that...

However, it was thwarted in fulfilling its intended role as a nationwide central bank due to objections of "alarming foreign influence and fictitious credit, ...

See also: Federal reserve board, Margin account, Credit balance, Saving, Banking system