net equity

(6) “net equity” means, with respect to all accounts of a customer that such customer has in the same capacity— (A) (i) aggregate dollar balance that would remain in such accounts after the liquidation, by sale or purchase, at the time of the filing of the petition, of all securities positions in all such accounts, except any customer name securities of such customer; minus (ii) any claim of the debtor against such customer in such capacity that would have been owing immediately after such liquidation; plus (B) any payment by such customer to the trustee, within 60 days after notice under section 342 of this title , of any business related claim of the debtor against such customer in such capacity;

Source

11 USC § 741(6)


Scoping language

None identified. Default scope is assumed to be the entire title.
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