Available Credit
How much can you borrow? How much credit is available to you? If your Uncle Zuck likes your hippie politics, you're golden...massive line of credit. If you have to borrow or get credit elsewhere, it's probably more limited.
Think the credit limit on your credit cards, the amount of equity you could pull out of your house, the amount you could get for a personal loan. Do you have any collateral you could borrow against (stocks, bonds, valuable porcelain kitty statues, etc.)? All that kind of stuff can factor into your available credit.
In stock trading terms, if you're talking about a broker margin account, then the credit available or credit limit is usually 50 percent of the liquid value of securities you have in there.
Related or Semi-related Video
Finance: What is a Cooling-Off Period?2 Views
Finance allah shmoop what is a cooling off period Yeah
not twenty minutes you spend in your respective corners after
a big fight although that sort of cooling off period
can result in less broken glass where in the world
of finance a cooling off period refers to something else
hot buyers need chill in time If you decide to
buy that ferrari for example you might want to cool
off a little before you actually fork over the four
hundred grand like you got all excited by the sales
person and then well you need a little bit of
time Cool and think about whether you really want to
spend that kind of money on a car if you're
a company and you filed with the sec to sell
bonds or stocks well there is a legal twenty day
cooling off period during this time your company can't advertise
and you have tio you know behave yourself When the
twenty days have passed the sec will issue a release
so that the securities can be sold to the public
it's kind of like the brady bill which imposed a
mandatory waiting period between when you want to buy a
gun And when you can actually use it careful there 00:01:06.696 --> [endTime] did
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