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The pattern day trader will then have, at most, five business days to deposit funds to meet this day-trading margin call.
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The customer's checking account balance has no dollar bills in it, as a demand deposit account is simply a liability owed by the bank to its customer.
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This means you're learning applicable tools, understanding how things really work (not theroteically but realistically), and hearing the language as it's used in the industry.
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It is also important you realize that some lenders do not offer unsecured financing programs, and the lenders that do, will have their own unique set of requirements needed for approval.
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