What is "Stock BP" in a brokerage account that's not trading on margin?

Question

I saw that this question was answered on reddit here as well as a similar question was answered on this S.X here.

But I wanted to confirm the meaning of a "Stock BP" amount if I'm not trading on margin with my brokerage? (I have not done anything to "initiate" any sort of margin account with my brokerage.)

If it helps, this Stock BP amount seems to be 3.5% of my account value currently.

jed · Accepted Answer

I realized it's because I have an open order worth $XX.XX + brokerage fee which equals this Stock BP amount.

Bob Baerker · Answer

The first answer in your link explains it:

Your Stock BP (Stock buying power) will indicate how much money you can spend or withdraw right now.

What is "Stock BP" in a brokerage account that's not trading on margin?

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