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LSDefine

Simple English definitions for legal terms

maintenance call

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A quick definition of maintenance call:

A maintenance call is when a securities broker asks a customer to put up more money or stock as collateral when the broker finances a purchase of securities. This usually happens when the market prices of the securities are falling. It's like a reminder to the customer to keep their investment safe.

A more thorough explanation:

A maintenance call is a demand made by a securities broker to a customer to put up money or stock as collateral when the broker finances a purchase of securities. This demand usually occurs when the market prices of the securities are falling. It is also known as a margin call.

For example, if a customer buys stocks worth $10,000 on margin, the broker may require the customer to maintain a minimum balance of $5,000 in their account. If the value of the stocks falls below a certain level, the broker may issue a maintenance call, requiring the customer to deposit more money or sell some of the stocks to maintain the minimum balance.

Another example of a maintenance call is when a corporation issues callable securities, which can be redeemed by the corporation before their maturity date. The corporation may issue a maintenance call to redeem these securities if the interest rates fall, allowing them to issue new securities at a lower rate.

Overall, a maintenance call is a demand for additional collateral or payment to ensure the security of a financial transaction.

maintenance assessment | maintenance fee

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MrThickRopes
15:28
Uhh
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Yeah
MrThickRopes
15:28
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MrThickRopes
20:27
I said PUT DA BEAT ON
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mustard on da beat ho
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catch me with this when I make partner
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😍
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Worth it
MrThickRopes
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MrThickRopes
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MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
12:48
U better be locked in as fuck to go to Harvard at sticker $600k debt is so nasty
dude is loaded if he’s getting 0 in aid from GMA
*hls fucking autocorrect
MrThickRopes
15:02
Bbbbbruhhhhhhh i jus realize
MrThickRopes
15:03
Getting into da law skool was da easy part
MrThickRopes
15:03
Now i gotta PASS da law skool?
MrThickRopes
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MUSTAAAAAAAAAAAAAAARD
@UncleIroh: is that what u told zuko
what’s the name of kataras older brother i forget
18:07
Sokka deez nuts
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