A margin account in which the equity is below the initial FRB equity requirement.
                                                            
                                                     
                        
                                                
                        
                        
                            As defined by Regulation T, a margin account in which the debit balance exceeds the loan value.
                                                            
                                                     
                        
                                                
                        
                        
                            A cardholder account which may not be used without authorization.
                                                            
                                                     
                        
                                                
                        
                        
                            (1) A margin account in which the equity is less than the current federal requirement. (2) A cash account which has failed to pay for a purchase under Regulation T and must have cash in the account prior to executing a buy for a period of 90 days.