Function: noun
Date: circa 1920
: a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account
Function: noun
Date: circa 1920
: a security or commodity market account in which an agent (as a broker) is given power of attorney so as to be able to make independent decisions and buy and sell for the principal's account
Merriam Webster Collegiate English Dictionary. Merriam Webster - Энциклопедический словарь английского языка. 2012