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1. Securities. The discount required by the National Association of Securities Dealers on the value of stock that a brokerage firm holds in its own account at the time of filing a monthly report about the firm’s net capital condition. [Cases: Securities Regulation 40.13. C.J.S. Securities Regulation § 159.]

2. The difference between the amount of a loan and the market value of the collateral securing the loan.

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词条贡献者

译员William，毕业于欧洲顶尖的高级翻译学院，专注翻译各种与区块链技术与数字货币有关的法律文件。