two-dollar broker Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: two-dollar broker
two-dollar broker

floor broker who executes orders for other brokers too busy to do it themselves; a "broker's broker." Such brokers once were paid two dollars for a round lot trade, hence the name. Today they receive a negotiated commission rate varying with the dollar value of the transaction.

See also independent broker
Copyright © 2006, 2003, 1998, 1995, 1991, 1987, 1985 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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