Maximum over all loss: 10% of the account balance.

No account balance or account equity of the funded Trader and instant Account may drop to or below 10% of the account balance at the beginning of the Phase at any point during The Funded Trader Program. The Max Drawdown Rule is the name for this. 

As an illustration, if a trader purchases an account for $100,000, neither their equity nor their balance can ever fall to or below $90,000.