### Question
Can you define what net equity means?


### Answer
**Net equity** is defined as the following in *15 U.S.C. § 78lll*:

> the dollar amount of the account or accounts of a customer, to be determined by—


(A) calculating the sum which would have been owed by the debtor to such customer if the debtor had liquidated, by sale or purchase on the filing date—


(i) all securities positions of such customer (other than customer name securities reclaimed by such customer)

#### Citation:
  - *15 U.S.C. § 78lll*
  - Heading: **CHAPTER 2B&ndash;1-SECURITIES INVESTOR PROTECTION**

