ABC Agreement

Business, Legal & Accounting Glossary

Definition: ABC Agreement


ABC Agreement


Full 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 for the employee. It is believed to be known as an ABC agreement because the employee can:

  • keep the seat if he/she leaves but must buy another seat for an individual named by the firm;
  • sell the seat but return the proceeds to the firm; or
  • transfer the seat to another employee of the firm.

Cite Term


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Page URL
https://payrollheaven.com/define/abc-agreement/
Modern Language Association (MLA):
ABC Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 03, 2021 https://payrollheaven.com/define/abc-agreement/.
Chicago Manual of Style (CMS):
ABC Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/abc-agreement/ (accessed: December 03, 2021).
American Psychological Association (APA):
ABC Agreement. PayrollHeaven.com. Retrieved December 03, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/abc-agreement/

Definition Sources


Definitions for ABC Agreement are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 5th November, 2021 | 0 Views.