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Broker-dealer
As a broker, acts as an agent employed to effect bargains and contracts in securities, as a middleman between other persons, for compensation commonly called brokerage. As a dealer, trades securities as a market maker and/or principal with other dealers and with customers.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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