Securities and/or Other Property definition

Securities and/or Other Property means, but is not limited to, money, securities, and financial instruments of every kind and nature, and related contracts and options, distributions, proceeds, products, and accessions of all property.

Securities and/or Other Property means, but is not limited to, cash, stock, bonds, mutual funds, money funds, fixed deposits, financial instruments and related contracts, whether for present or future delivery. This definition includes Securities or other property currently and hereinafter held, carried or maintained by the Member or any affiliates, in the Member‟s possession or control, or in the possession or control of any such affiliate, for any purpose, in and for any of the Client‟s Account(s) now or hereinafter opened, including any Account in which the Client may have an interest.

Examples of Securities and/or Other Property in a sentence

• You further authorize us to receive into the Account any Securities and/or Other Property delivered to us by or for any Accountholder without delineation as to actual ownership of the property.

• Included within our right of enforcement, we shall have the sole discretion to determine which Securities and/or Other Property are to be sold, or which contracts are to be closed without regard to any tax or other consequences you may face as a result of such actions.

• While we reserve the right to use, transfer, or liquidate your Securities and/or Other Property without demand or prior notice, if demand is made upon you, you agree to satisfy any indebtedness, and pay any debit balance in any Account held by us or any of our Affiliates in which you have an interest.

• You acknowledge that Securities and/or Other Property held in your Account may carry with them valuable rights that may expire unless you take action.

• You further authorize us to receive into the Account any Securities and/or Other Property delivered to it by or for either of you without delineation as to actual ownership of the property.

• Until we receive a written notice from you to the contrary, Apex may accept from us any instructions concerning your Account, without inquiry or investigation, including orders to purchase or sell Securities and/or Other Property.

• We may execute orders to purchase or sell Securities and/or Other Property on any exchange or market we select.

• In connection with enforcing our lien, perfected security interest, or right of set-off, we may, at any time, and without giving you prior notice, use, transfer, or liquidate any or all of your Securities and/or Other Property in any of your Accounts held by us or any of our Affiliates in order to satisfy a debt, or any other obligation you may have to us in your Accounts held by us or any of our Affiliates.

• Each Accountholder will have authority, acting individually, and without notice to any other Accountholder, to give instructions, buy, sell, and otherwise deal in Securities and/or Other Property, and to deal with us with regard to the Account as fully and completely as if each Accountholder alone were interested in the Account.

• Such use, liquidation, or transfer may occur without regard to whether we have made any advances in connection with such Securities and/or Other Property, and without regard to the number of Accounts you may have with us.