broker's loan

noun

1

: a loan by a bank to a stock-exchange broker secured by negotiable securities

2

brokers' loans plural : the aggregate amount of money loaned to brokers (as in the New York market) at any given time

The Ultimate Dictionary Awaits

Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged.

1. Expanded definitions
2. Detailed etymologies
3. Advanced search tools
4. All ad-free

Discover what makes Merriam-Webster Unabridged the essential choice for true word lovers.

Start Your Free Trial Now