EXEMPTED SECURITY Definition

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EXEMPTED SECURITY is a security that is exempted from SEC regulations, including margin rules. Such securities include U.S. Treasury and government agency securities and municipal securities designated by the SEC.

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CASH SETTLEMENT, in short-term securities, is payment and delivery made on the same day as the trade date.

FOOT A COLUMN is to add a column of numbers.  To test footing is to add the column again to check accuracy.

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