Buttonwood Agreement investment & finance definition
A 1792 trade agreement that created an investment
community out of the original 24 brokers in New York. The name comes from a
Buttonwood tree that was their informal meeting site on Wall Street.
See Buttonwood Agreement in Wall Street Words
A historical 1792 agreement among 24 New York brokers to band together into an investment group. The name stemmed from the buttonwood tree that served as the Wall Street meeting place for members of the group.