What does Buttonwood Agreement mean?

Buttonwood Agreement meaning in Finance Dictionary

A 1792 trade arrangement banding the initial 24 agents in ny together into an investment community. The arrangement ended up being called after a Buttonwood tree that served as his or her informal meeting-place on Wall Street.

Buttonwood Agreement meaning in Law Dictionary

The Buttonwood contract, which were held may 17, 1792, started the newest York Stock & Exchange Board (now known as the brand new York stock market, NYSE). This agreement ended up being signed by twenty-four stock agents outside of 68 Wall Street ny.

Buttonwood Agreement meaning in Business Dictionary

The 1792 arrangement among 24 ny stockbrokers and entrepreneurs to make an investment neighborhood that later became the newest York stock-exchange. The contract was named for buttonwood tree under which it absolutely was finalized.