Related Words

Maintenance Call: A call for additional money or securities when a margin account falls below its exchange-mandated required level.

Implied Call: Result of a borrower's reduced credit rating.

Hygroscopically: By absorbing moisture from air.

House Maintenance Requirement: 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.

House Call: A type of account at a brokerage firm that is given a high level of priority and is handled by the main office or an executive, rather than a traditional salesperson.

Irrational Call Option: The implied call imbedded in a MBS. Irrational because the call is sometimes not exercised when it is in the money (interest rates are below the threshold to refinance), and sometimes exerci . . . View Full Definition

Local Calling Area: The geographical area that a customer may call without incurring toll charges.

Maintenance Manual: A manual produced by the manufacturer of an aircraft, aircraft engine, or component that details the approved methods of maintenance.

Maintenance Fee: A regular charge levied by the management company of a particular resort or the homeowners association responsible for the upkeep of the property. This fee generally also covers taxes, utili . . . View Full Definition

Maintenance Charges: Monthly or annual charges assessed in a condominium, planned united development, or cooperative development to cover operational costs.