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Dealer
What does it mean?
1. An individual or firm willing to buy or sell securities for their own account.
2. One who purchases goods or services for resale to consumers.
In Other Words...
A dealer differs from an agent in that a dealer acts as a principal in a transaction. That is, a dealer takes ownership of assets and is exposed to inventory risk, while an agent only facilitates a transaction on behalf of a client.
Related Links
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Related Terms
Ask Price | Bid Price | Broker | Broker-Dealer | Principal
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