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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Two Dollar Broker


An independent broker on the floor of the exchange who takes care of business for other brokers.

Usually, this person handles orders for brokers who are too busy to handle their own. Back in the day, two dollar brokers were paid $2 a trade. Today, they earn a commission.