Die Heuning Pot Literature Guide
© 2014 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:

(SMA) In transactions involving the use of margin, SMA represents the available credit that the customer is able to borrow from his account or use to purchase additional securities.

Advertisement
back to top