note broker
A broker who negotiates the discount or sale of commercial paper.
Search Results for: note broker
bill and note broker
bill and note broker 票据经纪人 汇票〔bill of exchange〕和本票〔promissory note〕交易的中间人。
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broker’s note
A memorandum, usu. one authorizing a broker to act as a principal’s agent, that is prepared by the broker and a copy given to the principal.
bought and sold notes
bought and sold notes. Two memoranda prepared by a broker to record the sale of a note. • The broker sends the bought note to the purchaser, and sends the sold note to the seller.
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sold note
A written memorandum of sale delivered to the seller by the broker responsible for the sale, and usu. outlining the terms of the sale. See CONFIRMATION SLIP.
bought note
A written memorandum of a sale delivered to the buyer by the broker responsible for the sale.
cambist
cambist (kam-bist). [fr. Latin cambiare “to exchange”] A broker who trades promissory notes or bills of exchange. — Also termed cambiator.
churn burn and bury
churn, burn, and bury, vb. (Of a stockbroker) to make numerous risky trades in (an account) and, as a result, squander the customer’s money. • The term denotes the action involved in particularly reckless churning.
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