DEFINITION of 'Alphabet Broker'

Slang terminology for a large insurance broker that is sometimes referred to according to the initials in its name. An alphabet broker, for example, would be referred to as "HIT" rather than "Hedged Investment Portfolio."

BREAKING DOWN 'Alphabet Broker'

Alphabet brokers are often known through their acronym name rather than the full name. For example, many more individuals are familar with the name AIG rather than American Insurance Group.

RELATED TERMS
  1. Each Way

    A slang phrase used when a broker earns commissions from both ...
  2. Broker Of Record

    A broker of record, in insurance, is an agent designated by the ...
  3. Outside Broker

    The term outside broker has several applications in finance. ...
  4. Business Broker

    A business broker is a company that assists in the purchase and ...
  5. Deep Discount Broker

    A deep discount broker mediates sales and exchanges between securities ...
  6. Clearing Broker

    A clearing broker is a member of an exchange that acts as a liaison ...
Related Articles
  1. Insurance

    Brokers: Do You Want To Sell Stocks Or Insurance?

    Know the difference between working as a broker or an insurance rep.
  2. Personal Finance

    Advantages And Disadvantages of Using a Mortgage Broker

    Mortgage brokers may be able to find you the loan of your dreams, but you should consider the potential downsides before hiring one.
  3. Investing

    5 Misconceptions About Discount Brokers

    While discount brokers are the perfect choice for some investors, their business model could be detrimental to others.
  4. Financial Advisor

    Investment Advisor Versus Broker: How They Compare

    What is the difference between an investment advisor and a broker?
  5. Trading

    Understanding order execution

    Find out the various ways in which a broker can fill an order, which can affect costs.
  6. Financial Advisor

    Is a stockbroker career for you?

    Discover what you need to become a stockbroker and the variety of opportunities that are now available to you.
  7. Investing

    How to Choose a Forex Broker: Everything You Need to Know

    Take your time when looking for a forex broker because a bad decision can be costly.
  8. Trading

    5 Tips For Selecting A Forex Broker

    Discover the best ways to find a broker who will help you succeed in the forex market.
  9. Personal Finance

    The Future Of Sales Brokers

    The role of the sales broker, as a purely transaction-based salesperson, is changing. Find out what's next for this industry.
RELATED FAQS
  1. Why Are Securities Held 'In Street Name'?

    Buying or selling securities through a broker means they're held in your broker's name. Read Answer >>
  2. Can a Broker Sell Your Stocks Without Permission?

    Find out if and when it's legal for a broker to sell securities from a customer's account and portfolio without their permission. Read Answer >>
Hot Definitions
  1. Discount Rate

    Discount rate is the interest rate charged to commercial banks and other depository institutions for loans received from ...
  2. Economies of Scale

    Economies of scale refer to reduced costs per unit that arise from increased total output of a product. For example, a larger ...
  3. Quick Ratio

    The quick ratio measures a company’s ability to meet its short-term obligations with its most liquid assets.
  4. Leverage

    Leverage results from using borrowed capital as a source of funding when investing to expand the firm's asset base and generate ...
  5. Financial Risk

    Financial risk is the possibility that shareholders will lose money when investing in a company if its cash flow fails to ...
  6. Enterprise Value (EV)

    Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market ...
Trading Center