I'm fairly new to share trading and it looks like I have made a big mistake that is going to cost me.
Can someone help me to understand the following. I don't understand what this application money is and how liable I am now. I can say I don't have enough money in my account to clear such a transaction. Will the purchase just dishonour tomorrow and go away with a small fee.
I have attached an extract of the confirmation I got this morning.
If anyone can help me understand this a bit, I will be very gratefull.
I'm using CommSec.