Examples of Securities and/or Other Property in a sentence
Client authorizes Betterment Securities to register any Securities and/or Other Property in the Account in the name of Betterment Securities or any other nominee, including sub-custodians, or to cause the Securities and/or Other Property to be registered in the name of, or in the name of any nominee of a recognized depository clearing organization.
Betterment Securities requires that Client’s Account contain available funds or that Client has ordered the liquidation of Securities and/or Other Property held in the Account in an amount equal to or greater than the purchase price of the securities prior to the trade date.
If the foregoing conditions are not met, Betterment Securities may in its sole discretion liquidate and close out any and all Securities and/or Other Property in Client’s Account to satisfy Client’s payment obligation, without prior notice and without regard for any previous demand or agreement concerning the time for payment.
Client’s ownership of these Securities and/or Other Property is reflected in Betterment Securities’s records.
All orders for the purchase and sale of Securities and/or Other Property given for the Account will be authorized by Client pursuant to Client’s grant of discretionary authority and power-of-attorney to Betterment and executed in reliance on a promise that an actual purchase or sale is intended.
SIPC currently protects the Securities and/or Other Property in each of Client’s Accounts up to $500,000, including $250,000 for claims for cash.
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.
We may execute orders to purchase or sell Securities and/or Other Property on any exchange or market we select.
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.
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.