Dealer

Business, Legal & Accounting Glossary

Definition: Dealer


Dealer

Quick Summary of Dealer


An individual or entity, such as a securities firm, when it acts as a principal and stands ready to buy and sell for its own account. More generally, an individual or entity which buys and sells products and holds an inventory.




What is the dictionary definition of Dealer?

Dictionary Definition


n. anyone who buys goods or property for the purpose of selling as a business. It is important to distinguish a dealer from someone who occasionally buys and occasionally sells, since dealers may need to obtain business licenses, register with the sales tax authorities, and may not defer capital gains taxes by buying other property.


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.


Related Phrases


manual trader
E-Trade
centralized market
SENAF
dealer loan
asking price
bear covering
resell
book-squaring
bargain
broker/dealer
dealer option
paper dealer
wheeler-dealer
outside dealer
inter-dealer broker
National Association of Securities Dealers Automated Quotations system
dealer median prepayment speed
National Association of Securities Dealers
dealer market


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/dealer/
Modern Language Association (MLA):
Dealer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 22, 2024 https://payrollheaven.com/define/dealer/.
Chicago Manual of Style (CMS):
Dealer. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/dealer/ (accessed: May 22, 2024).
American Psychological Association (APA):
Dealer. PayrollHeaven.com. Retrieved May 22, 2024
, 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)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th October, 2021 | 0 Views.