Results for: margin-account

Can you have margin on an IRA account?

According to IRA regulations, if any part of an IRA is used as collateral, the entire IRA is considered to be distributed. Distribution of such accounts are subject to income taxes and an additional penalties. This is important because margin… Full Answer

What are the types of account in a bank?

Banks offer many different types of accounts to its customers. Some of them are: Savings Account Checking Account Loan Account Fixed Deposit Account Recurring Deposit Account Over-Draft Account Credit Card Account Etc. Full Answer