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Definition of Floor broker
A member who is paid a fee for executing orders for clearing members or their customers. A
An individual who is paid a commission for executing customer orders. Either a floor broker who
Related: Call money rate.
A market where an intermediary offers search services to buyers and sellers.
A broker on the floor of an exchange acts as agent for a particular brokerage house and
An agreement in which one party agrees to pay the other at specific time periods if a specific
Arrangement used to finance inventory. A finance company buys the inventory, which is then
A member who generally trades only for his own account, for an account controlled by him or
An interest rate agreement in which payments are made when the reference rate falls
Interest-rate option that guarantees that the rate on a floating-rate
An agent who handles public orders to buy or sell financial assets.
Low-cost, high-usage inventory items stored near the shop floor,
This is a provincial government licensed independent businessperson who usually represents five or more life insurance companies in a sales and service capacity and who is paid a commission by those life insurance companies for sales and service of life insurance products. We for example, have been in business for 12 years and regularly place new business with over twenty different life insurance companies.
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