California, the first state to legalize medical marijuana back in 1996, became even more pot-friendly in 2016 when it made it legal to use and carry up to an ounce of marijuana without a prescription.
A broker is an individual or parties (brokerage firm) that arranges transactions between a buyer and a seller for a commission when the deal is executed. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent âone who acts on behalf of a principal.
DEFINITION of 'Margin Account'. A brokerage account in which the broker lends the customer cash to purchase securities.The loan in the account is collateralized by the securities and cash.EFINITION of 'Margin Account'. A brokerage account in which the broker lends the customer cash to purchase securities. The loan in the account is collateralized by the securities and cash.