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Unsettled Cash Available for Investment
Unsettled Cash Available for Investment represents the proceeds from unsettled sales. This amount can be used for re-investment immediately; however, if you purchase a security with unsettled funds and sell that new position before the settlement date of the previous sale, your account will be restricted for 90 days. Unsettled Cash Available for Investment is not available for withdrawal until after the settlement date of the sales.

Source: E*TRADE FINANCIAL
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