excess margin

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Excess margin

Equity present in an individual's account above the legal minimum required for a margin account or the maintenance requirement at a brokerage firm.

Excess Margin

Cash or securities that one has deposited in a margin account over and above the minimum maintenance requirement. The excess margin is available to be used as collateral for margin loans, or it may be withdrawn and used for any other purpose.

excess margin

The dollar amount of equity in an investor's brokerage margin account that is in excess of what is necessary for meeting either initial margin or maintenance margin requirements. An investor with $30,000 of unmargined securities has an excess initial margin of $15,000 (with Regulation T margin of 50%) and an excess maintenance margin of $22,500 (if the maintenance requirement is 25%). Excess margin may be withdrawn or used to purchase more securities. See also special miscellaneous account.
References in periodicals archive ?
Excess margins are also positive though more erratic because of volatility of investment income.
From fiscal 2002 through fiscal 2005, MCH has posted excess margins ranging from 3.
1% in 2004, and excess margins sharply increased for the third consecutive year to 4.
Through the three months ended March 31, 2006 MedAmerica had an operating margin and excess margins of 1.
9 million in fiscal 2004 and 2005, respectively, excess margins remained weak at negative 1.
Investment earnings from its substantial liquid reserves and contributions have contributed to bottom line profitability with excess margins of 6.
With the exception of fiscal year 2004, Christian Care's has generated positive excess margins since fiscal year 2000.
6% in 2003, while excess margins sharply increased for the second consecutive year to 3.
Excess margins were in the double digits the last two fiscal years and 19.
Similarly, excess margins generated from 2001 through year to date have averaged 4.
Through the nine months ended March 31, 2005, the operating and excess margins for the hospital (excluding affiliates) were 1.