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Yes, there is a specific legal definition (I did elude to that in the post you replied to). Most people don't understand that definition and when they hear "Ma
by ogre_codes 6y ago
Yes, there is a specific legal definition (I did elude to that in the post you replied to).
Most people don't understand that definition and when they hear "Margin account" they assume people are making leveraged transactions which is not the case. Even Robinhood's FAQ and documentation uses the more commonly understood definition of margin. One of the primary "Features" of Robinhood gold is "Access to investing on margin". https://robinhood.com/us/en/support/articles/gold-overview/ https://robinhood.com/us/en/support/articles/gold-overview/
- diericx 6y agoThis is getting a bit pedantic. The reason people are specifying that RH accounts are margin accounts by default is because it’s relevant to the financial situation. Functionally, they are margin accounts even if the end user isn’t entirely aware of it.
- spiralx 6y ago> Yes, there is a specific legal definition (I did elude to that in the post you replied to). Allude, not elude. You indirectly drew attention to it, not let it get away :)