telephone booth

noun
|Updated on: 16 Jul 2018

Definition of telephone booth

: an enclosure within which one may stand or sit while making a telephone call

Recent Examples of telephone booth from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'telephone booth.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of telephone booth

1888

in the meaning defined above

See Words from the same year
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Financial Definition of TELEPHONE BOOTH

telephone booth

What It Is

In the trading world, a telephone booth refers to a phone bank on the floor of the New York Stock Exchange.

How It Works

When an investor wishes to buy or sell a security listed on the NYSE, she "places a trade" or an "order" by calling her broker or going to her online trading account. In either case, the order goes to a broker, who can get the order to the exchange several ways -- through a regional exchange, electronic communications network, or directly to the NYSE. No matter how the order is placed, it eventually reaches the floor of the NYSE where floor brokers and specialists handle transactions.

Why It Matters

The telephone booth is there to handle communication between the parties, though in today's age of electronic communication and cell phones, they are quickly becoming memorabilia.


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