margin account

noun

plural margin accounts

: a client's account with a brokerage firm through which the client may buy securities (see security sense 3) by borrowing part of the purchase price from the firm

… had a margin account … for four years, until 1980, when his investments went awry, and he owed the brokerage $17,000.

—Sherry R. Sontag

Word History

First Known Use

1973, in the meaning defined above

Rhymes for margin account

• amount
• discount
• dismount
• recount
• remount
• seamount
• surmount
• count
• fount
• mount
• rediscount
• subaccount

Legal Definition

margin account

noun

: a client's account with a brokerage firm through which the client may buy securities on the firm's credit