What is MARGIN?

1. The edge or border; the edge of a body of water where it meets the land. As applied to a bouudary Hue of land, the “margin” of a river, creek, or other water-course means the center of the stream. Ex parte Jennings, 6 Cow. (N. Y.) 527, 16 Am. Dec. 447; Varick v. Smith, 9 Paige (N. Y.) 551. But in the case of a lake, bay, or natural pond, the “margin” means the line where land and water meet. Fowler v. Vree- land, 44 X. J. Eq. 268, 14 Atl. 116; Lem- beck v. Andrews. 47 Ohio St. 336, 24 N. E. 686. 8 L. R. A. 578. 2. A sum of money, or its equivalent, placed in the hands of a stockbroker by the principal or person on whose account the purchase is to be made, as a security to the former against losses to which he may be exposed by a subsequent depression in the market value of the stock. Markhara v. Jau- don. 49 Barb. (N. Y.) 468; Sheehy v. Sbinn, 103 Cal 325. 37 Pac. 393: Memphis Brokerage Ass’n v. Cullen, 11 Lea (Tenn.) 77: For- tenbury v. State, 47 Ark. 188. 1 S. W. 58.

More On This Topic

Link to This Definition
Did you find this definition of MARGIN 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