Foreclosure - FCL. Share. What is 'Foreclosure - FCL'. A situation in which a homeowner is unable to make full principal and interest payments on his/her mortgage, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract.
Vanguard structures its options trading with a base fee that is charged in conjunction with a fee per options contract. The base trade fee is $20.00, which is very high compared to other online brokers, and the fee charged per contract is $1.00.
When your trades are executed, the proceeds from a sale or the money you owe for a purchase of a security will be reflected as a net credit (for a sale) or net debit (for a buy) until the close of business on the settlement date of your trade. On the settlement date, Vanguard Brokerage Services will automatically withdraw/sweep money from or deposit/sweep money into your money market settlement fund to settle your trade. Most equity trades settle within two business days; however, we advise you to verify any trade settlement procedure prior to making trades.