Definition of “discount broker” - English Dictionary

business-english dictionary

“discount broker” in Business English

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discount brokernoun [ C ]

uk us

STOCK MARKET someone who buys and sells investments for their customers at a lower cost than a full-service broker because they do not provide investment advice:

You can obtain a rebate of 3% or more on unit trusts if you buy them from a discount broker.

UK FINANCE →  bill broker

(Definition of “discount broker” from the Cambridge Business English Dictionary © Cambridge University Press)