dealer

(dē'lər)
n.

1. One that is engaged in buying and selling: a used-car dealer; a drug dealer.
2. Games. The one who distributes cards.

View more Business & Finance videos

Merchandise retailer. Dealers purchase and maintain an inventory of the merchandise to be sold and therefore share the costs of marketing and distribution with the manufacturer and wholesaler. Dealers differ from manufacturers' representatives and brokers, who never take title to the merchandise.

Person or firm that acts as a Principal buying (or selling) from their own account for position and risk, as opposed to a Broker who acts as an agent for customers and is paid a commission. Dealers expect to make a profit by selling at a higher price or by correctly guessing future interest rate movements.

The Gramm-Leach-Bliley Act of 1999 removed many Depression-era restrictions on dealer activities of commercial banks. Banks are now permitted to register their investment securities subsidiaries with the Securities and Exchange Commission, which supervises the securities underwriting of bank-owned securities firms. The Gramm-Leach-Bliley Act excludes bank underwriting of permissible securities (such as municipal revenue bonds), bank activities as Trustee or Fiduciary and the sale of asset-backed securities originated by the issuing bank from SEC registration. See also Dealer Bank; Primary Dealer; Securities Subsidiary.

In the securities industry, investment banking firms often act as both broker or dealer, depending on the transaction, and the term broker-dealer is commonly used when referring to a dealer firm. See also Dealer Bank; Primary Dealer; Securities Subsidiary.

noun

1. A person engaged in buying and selling: businessperson, merchandiser, merchant, speculator, trader, tradesman, trafficker. See transactions.
2. A person who sells narcotics illegally: peddler. Slang pusher. See transactions.

n

Definition: business owner
Antonyms: customer

One who produces or buys or otherwise acquires something in order to sell it. 100 A. 2d 98, 101. A person is a “dealer” in a commodity if he has so structured his business that he can, upon reasonable notice, deliver that commodity once a sale has been made. 138 F. Supp. 454, 461.
A “dealer” must habitually engage in the buying and selling of a commod- ity. For example, a merchant who sometimes takes lumber in payment of a debt , or in exchange for goods kept by him for sale, is not a dealer in lumber. 35 S.E. 605, 606. Compare merchant.

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.

Investopedia Says:
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.

Related Links:
How do you find the right broker for your investment needs? Start by reading our broker tutorial. Brokers and Online Trading

In casinos, this refers to the person dealing the cards.

SoundPoker Says: This is usually a friendly, well mannered employee who does their best to deal fairly to all players so that they all have equal potential to win.

See Also: Cardroom, Casino

IN BRIEF: n. - A firm engaged in trading; The person who distributes the playing cards in a card game; Someone who purchases and maintains an inventory of goods to be sold.

A leader is a dealer in hope. — Napoleon Bonaparte 

LearnThatWord.com is a free vocabulary and spelling program where you only pay for results!

For a list of words related to dealer, see:

• Commerce and Trade - dealer: buyer and seller of goods; franchise holder
• Employers, Employees, and Business People - dealer: person who sells or trades some product
• Occupations and Job Titles
• Card Terms
• Users and Abusers - dealer: Slang. drug seller

---

See words rhyming with "dealer."

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)