SPECIAL MEMORANDUM ACCOUNT Definition

Bookmark and Share

SPECIAL MEMORANDUM ACCOUNT (SMA) is a sub-account of a margin account for excess equity. It can be withdrawn or used to buy more securities.

Learn new Accounting Terms

MANDATORY SPENDING is spending that is automatically obligated due to previously-enacted laws. In the United States, this would include things such as Social Security, Medicare, and the interest on the national debt. See DISCRETIONARY SPENDING.

TOTAL ASSETS is the total of all assets; both current and fixed.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.