House Excess

DEFINITION of 'House Excess'

A term used by brokerage houses to describe the amount you are in excess of the minimum margin requirements, based upon the last days closing prices of your portfolio.

BREAKING DOWN 'House Excess'

In other words, this is the amount you have left over to purchase more stock or use as a safety cushion should your portfolio decline in value.

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RELATED FAQS
  1. What happens if I cannot pay a margin call?

    Minimum margin is the amount of funds that must be deposited with a broker by a margin account customer. With a margin account, ... Read Answer >>
  2. Should I choose a cash or margin account when opening a new brokerage account?

    I just joined Motley Fool and am opening up an online account in OptionsHouse Read Answer >>
  3. What is the minimum amount that I need to buy an Index Fund ?

    This will be my first time as investor. ... Read Answer >>
  4. What is the difference between initial margin and maintenance margin?

    Learn the difference between an initial margin requirement and a maintenance margin requirement and how these affect an investor's ... Read Answer >>
  5. I overcontributed to my 401(k). What are my options?

    If you overcontributed (made excess deferral contributions) to your 401(k) plan account, you should notify your employer ... Read Answer >>
  6. What does it mean when I get a Fed margin call?

    Learn what a fed margin call is, what it means when you receive one and what steps you must take to satisfy the fed's requirements ... Read Answer >>
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