Margins

as used in a deed executed by the governor and auditor of Indiana, and conveying to the purchaser all the right, title, and interest of the state to a certain canal, "including its banks, margins, tow-paths," &c, means something distinct from the other terms, such as " banks," "tow-paths," &c., employed in the deed; and includes any property owned by the state, adjacent to and on the margin of the canal, which had been set apart by the state for canal uses, or was reasonably necessary for such uses. Indiana Central Canal Co. v. State, 53 Ind. 675. Margin, as used in brokers' contracts for the purchase and sale of stocks, means the security against loss on the part of the agent; and, instead of being paid In money, may be secured by a pledge of property. Markham v. Jaudon, 49 Barb. 462; 3 Akb. Pr. N. s. 286.