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Investing Glossary:
Dealer
Copyright 2012,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| 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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