ABC Agreement - Definition

Information regarding relationship between the firm and the employee. Brokerage firm and financial organization purchase New York Stock Exchange membership for their employee.

Agreement states that the firm may transfer the seat to another employee of the firm, that the firm may retain or purchase an additional seat or sell their seat and transfer any gains to the firm. The membership is granted to individuals. Thus ABC Agreement helps firm to observe actions of the employee who works as its representative.

Majority of exchanges have such agreement between employees and brokerage firms.



Terms near "ABC Agreement"

ABC Consumer comfort index-United States
Abeyances
Ability to pay
Above par
Absolute advantage
Absolute priority rule
Absorbed
Absorption rate
Abstract title
Abusive tax shelter
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