What does broker dealer mean?

broker dealer meaning in General Dictionary

an economic expert whom trades for his or her own account and thus functions both as a broker and principal

broker dealer meaning in Law Dictionary

brokerage company that buys and sells securities by itself account as a principal before selling the securities to consumers.

broker dealer meaning in Business Dictionary

In securities trading, specific or fast that will work either as a brokerage (the representative) or a dealer (the key) but not both in a transaction.