DAY TRADE Definition

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DAY TRADE is the purchase and sale or the short sale and cover of the same security in a margin account on the same day.

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BCD is Binary Coded Decimal.

NATURAL ACCOUNTS in the Chart of Accounts are user defined accounts for the activities associated with the accounting entity that capture data at the transaction level. Natural accounts exist for a range of Assets, Liabilities, Equity accounts, Revenues, and Expenses.

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