Examlex
______ are given for specific programs and give states and localities little spending discretion.
Initial Margin
The upfront payment required when purchasing securities on margin, serving as a deposit to cover credit risk for the broker.
Maintenance Margin
The minimum account balance that must be maintained by an investor in a margin account after purchasing securities on margin.
Stock-index Futures
Futures contracts that use a stock index as the underlying asset, allowing investors to speculate on the future value of the index.
S&P 500
An index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.
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