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Same-Day Substitution
What does it mean?
Offsetting changes in a margin account, over the trading day, that result in no overall change in the value of the account. When a same-day substitution is made, a margin call is not generated.
In Other Words...
This happens when a rise in the market value of one margin security is offset by an equal decline in another.
Related Links
Margin Trading Tutorial - Here you can learn about what margin is, how margin calls work, how leverage can have advantages, and why using margin can be risky.
Related Terms
Initial Margin | Leverage | Maintenance Margin | Margin | Margin Account | Margin Call | Minimum Margin
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