Two dollar broker

Definition:

Floor broker of the NYSE, who executes orders for other brokers having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on the floor.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax-neutrality

Characteristic that taxes do not interfere with the natural flow of capital toward its most productive use.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio