What is COUVERTURE?

in French law, is the deposit (“margin”) made by the client in the hands of the broker, either of a sum of money or of securities, in order to guaranty the broker for the payment of the securities which he purchases for the client Arg. Fr. Merc. Law, 555.

More On This Topic



Link to This Definition
Did you find this definition of COUVERTURE helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary