Exchange Currency

ABC agreement

An agreement between a brokerage firm and an employee detailing the rights of the firm when it purchases an NYSE membership for the employee. It is believed to be known as an ABC agreement because the employee can: A) keep the seat if he/she leaves but must buy another seat for an individual named by the firm; B) sell the seat but return the proceeds to the firm; or C) transfer the seat to another employee of the firm.

Related information about ABC agreement:
  1. ABC Agreement Definition | Investopedia
    An agreement made between a purchasing member with a seat on the NYSE and the firm in which he or she works. With the approval of the NYSE, this ...
     
  2. What is ABC agreement? - BusinessDictionary.com
    Definition of ABC agreement: A contract between a brokerage firm and an employee. It contains the rights of the firm, described in an A, B, and C outline, when it ...
     
  3. What is ABC agreement? definition and meaning - InvestorWords.com
    Definition of ABC agreement: An agreement between a brokerage firm and an employee detailing the rights of the firm when it purchases an NYSE membership ...
     
  4. ABC Agreement - Financial Dictionary - The Free Dictionary
    A contract between an employee and a brokerage firm outlining the rights of the firm purchasing an NYSE membership for that employee.
     
  5. ABC Agreement Definition & Example | InvestingAnswers
    We explain the definition of ABC Agreement, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
     
  6. What is ABC AGREEMENT? - The Law Dictionary
    Definition of ABC AGREEMENT: When an employee and brokerage firm do business this is the resulting contract. It is done in the form of an outline that lists the ...
     
  7. What is an ABC Agreement?
    When it comes to ensuring that seats on the New York Stock Exchange are used properly, the preparation and approval of an ABC agreement is vital. Designed ...
     
  8. Kelly Ripa ABC Agreement | The Smoking Gun
    Kelly Ripa ABC Agreement. Back to Article · The Smoking Gun. © 2012 TheSmokingGun.com is part of Adult Swim and the. Turner-SI Digital Network. All Rights ...