Buttonwood Agreement

Business, Legal & Accounting Glossary

Definition: Buttonwood Agreement

Buttonwood Agreement

Full Definition of Buttonwood Agreement

An agreement signed in 1792 between twenty-four stockbrokers that effectively created the New York Stock Exchange. The terms of the agreement indicated that stockbrokers were to only deal with each other (no auctioneers), and that they would use a set commission rate of 0.25%. The agreement was so named because it was signed under a buttonwood tree outside of 86 Wall Street.

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Modern Language Association (MLA):
Buttonwood Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 29, 2021 https://payrollheaven.com/define/buttonwood-agreement/.
Chicago Manual of Style (CMS):
Buttonwood Agreement. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/buttonwood-agreement/ (accessed: November 29, 2021).
American Psychological Association (APA):
Buttonwood Agreement. PayrollHeaven.com. Retrieved November 29, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/buttonwood-agreement/

Definition Sources

Definitions for Buttonwood 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: 14th November, 2021 | 0 Views.