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TeachMeFinance.com - explain Sending in historic definition... Sending in -- When a speculator buys (or sells) stock through a broker with whom he has no account he directs this broker to "send in" the transaction to a broker with whom he has an account. The first broker merely executes the order; the second receives (or delivers) the stock. The first broker in such a case acts as a two-dollar broker and collects his fee from the second broker, who charges the person for whom the stock was bought or sold the full commission the same as if he (the second broker) had executed the order. Another instance of sending in is when a speculator transfers his account from one broker to another. In such a case he directs the broker who was originally employed to send in or transfer his contracts to the second broker. It is the same if he transfers only part of his account to another broker. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.