Business / Agriculture / Margin: The amount of money or collateral deposited by a customer with a broker, by a broker with a clearing member, or by a clearing member with the clearinghouse, for the purpose of insuring against loss on open futures contracts. The margin is not partial payment on a purchase. (1) Initial margin is the total amount of margin per contract required by the broker when a futures position is opened: (2) maintenance margin is a sum that must be maintained on deposit at all times. If the equity in a customer’s account drops to, or under, the level because of adverse price movement, the broker must issue a margin call to restore the customer’s equity. Sometimes called a performance bond.
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Margin Noun Synonyms: edge, border, perimeter, periphery, rim, lip, side, brink, verge
Science / Weather / Marginal Visual Flight Rules (MVFR): Refers to the general weather conditions pilots can expect at the surface. MVFR means Minimum or Marginal Visual Flight Rules. MVFR criteria means a ceiling between 1,000 and 3,000 feet and/or 3 to 5 MORE
Business / Finance / Original Margin: The margin needed to cover a specific new position. Related: Margin, security deposit (initial). MORE