marginal purchase

marginal purchase
A purchase wherein the full price or cost of the stock or commodity purchased is not given to the broker at the time of the execution of the order of the customer, without regard to whether the purchase was made as an investment with the expectation on the part of the customer of later making full payment and acquiring the ultimate possession, or as a speculation with the intention of reselling upon a rise in the market and without any intention of making full payment therefor or acquiring possession thereof. Austin v Hayden, 71 Mich 38, 137 NE 317.

Ballentine's law dictionary. . 1998.

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