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.

RELATED TERMS
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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. 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 >>
  3. 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 >>
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