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.
Vanguard also charges minimal account transaction and maintenance fees, and makes it very easy for investors to waive these fees. Vanguard has been present in the investment industry for over 100 years, and the long-term performance of several of its investment products makes it a great place to start an IRA account.