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TeachMeFinance.com - explain Unauthorized clerk historic definition... Unauthorized clerk -- One who, although admitted to the London Stock Exchange, is an attendant only on the member of 'the exchange by whom he is employed ; his presence is for the purpose of checking (making and comparing memoranda cf) bargains (contracts). An authorized clerk is authorized by the committee for general purposes of the exchange to transact business on the exchange for his employer. 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.