© 2016 Shmoop University, Inc. All rights reserved.

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Special Memorandum Account

Definition:

Have extra margins in your margin account? You can put them in an SMA.

In fact, you should.

Keeping those extras in a different account makes sure that your gains stay protected and you have extra margin you can use when you want to buy more investments.