broker's loan

noun

1
: a loan by a bank to a stock-exchange broker secured by negotiable securities
2
brokers' loans plural : the aggregate amount of money loaned to brokers (as in the New York market) at any given time

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Dictionary Entries Near broker's loan

Cite this Entry

“Broker's loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/broker%27s%20loan. Accessed 28 Nov. 2024.

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