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dealer |
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Dealer 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. Notes: 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.Dealer An entity that stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). Individual or firm acting as a principal in a securities transaction. Principals are market makers in securities, and thus trade for their own account and risk. Antithesis of broker. See: Agency.
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City officials said they are hopeful upscale dealerships, such as Infiniti, Lexus and Volvo, will begin taking a hard look at the auto mall. Kahn owns a number of dealerships throughout Southern California, and Roth said Kahn intends to use the proceeds from the sale to buy more dealerships. While the auto industry sold near-record numbers of new vehicles, indicating a drive in the right direction, many dealerships were forced to shut their doors. |
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