The Albany Plan of Union was not a plan for independence; in fact, it still subjected the colonial governments to British control. However, many British and Americans still considered the plan too extreme, so it was ultimately never implemented.
DEFINITION of 'Regulation U' Regulation U is a Federal Reserve Board regulation that governs loans by entities involving securities as collateral and the purchase of securities on margin. Regulation U limits the amount of leverage that can be extended for loans secured by securities for the purpose of buying more securities.
The credit extension provisions of the Federal Reserve Boardâs Regulation T govern an investorâs use of a cash. There are âsufficient fundsâ in the account; or. The broker-dealer accepts in good faith the investorâs agreement that the investor will promptly make.