allied member Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: allied member
allied member

general partner or voting stockholder of a member firm of the New York Stock Exchange who is not personally a member. Allied members cannot do business on the trading floor. A member firm need have no more than one partner or voting stockholder who owns a membership, so even the chairman of the board of a member firm may be no more than an allied member.

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