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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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
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@JumpySubsequentDolphin: wait this is so cute, also where r u going
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JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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