Maintenance Margin Definition.

Maintenance margin is the minimum amount of equity that must be maintained in a margin account. The maintenance margin is set by the broker and is typically a percentage of the account’s value, e.g. 30%. This means that if the value of the account falls below 30% of the initial value, the broker will require … Read more

Management Audit.

A management audit is an evaluation of an organization’s management system. It is a systematic process that assesses how well an organization’s management system meets its stated objectives. The management audit process typically includes interviews, surveys, and document review. What is the objective of management audit? The objective of a management audit is to assess … Read more

What Is an Account in Trust?

An account in trust is an account that is held by a trustee on behalf of a beneficiary. The trustee has a fiduciary duty to manage the account in the best interests of the beneficiary. The account may be used for the beneficiary’s benefit, but the trustee has discretion over how the funds are used. … Read more