Curb Market (Noun)
Meaning
A stock market for trading in securities not listed on the New York Stock Exchange.
Classification
Nouns denoting man-made objects.
Examples
- The curb market was a popular place for investors to buy and sell securities that were not listed on the major exchanges.
- In the early 20th century, the curb market was a major hub for trading in securities, with many brokers and dealers operating on the streets of New York City.
- The curb market was known for its fast-paced and often chaotic trading environment, with brokers shouting out prices and making deals on the sidewalk.
- Many companies that were not listed on the New York Stock Exchange would list their securities on the curb market, which provided them with access to capital and liquidity.
- The curb market was eventually replaced by the American Stock Exchange, which was established in 1921 and provided a more formal and regulated trading environment.