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money broker

A Dictionary of Business and Management | 2006 | © A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006. (Hide copyright information) Copyright

money broker In the UK, a broker who arranges short-term loans in the money market, i.e. between banks, discount houses, and dealers in government securities. Money brokers do not themselves lend or borrow money; they work for a commission arranging loans on a day-to-day and overnight basis. Money brokers also operate in the eurobond markets.

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