Define: Dealer

UK Accounting Glossary

Definition: Dealer



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Full Definition of Dealer


A dealer is an individual or entity that buys and sells a particular good and holds an inventory in that good. In contrast to an agent, the dealer always acts as the principal in a transaction, whereas the agent represents a client. The dealer has a natural niche in the trade in any high-priced good, particularly where specialized knowledge is an asset. The art dealer, diamond dealer, and antique dealer are prime examples. In the equity markets, a dealer is an entity that stands ready to buy or sell shares so that orders can be filled promptly. The equity dealer is known as a specialist if the stock is listed or as a market maker if the stock is traded over the counter. The broker/dealer is a firm that both trades for itself as a dealer and acts as a broker for its clients.


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https://payrollheaven.com/define/dealer/
Modern Language Association (MLA):
Dealer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. February 29, 2020 https://payrollheaven.com/define/dealer/.
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Dealer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/dealer/ (accessed: February 29, 2020).
American Psychological Association (APA):
Dealer. PayrollHeaven.com. Retrieved February 29, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/dealer/

Definition Sources


Definitions for Dealer are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • BusinessDictionary.com
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 7th February 2020.