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English definition of “broker-dealer”

broker-dealer

noun [C] (also broker/dealer)    
FINANCE, STOCK MARKET a person or a financial company that acts both as a broker , making investments for customers , and as a dealer making investments for themselves: We are one of the country's leading broker-dealers, supporting independent investment advisors nationwide .
(Definition of broker-dealer noun from the Cambridge Business English Dictionary © Cambridge University Press)
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