Purchase on margin
Defined in 1 dictionary — Ballentine's (1916)
Ballentine's Law Dictionary
James A. Ballentine · 1916
A purchase wherein a sum of money, or its equivalent, is placed in the hands of a broker by the purchaser as security to the broker against any loss to which he may be exposed by reason of a subsequent depression in the market value of the stock. See 74 Am. St. Rep. 470, note.