what is a dealer
DEFINITION of 'Dealer'. A person or firm in the business of buying and selling securities for their own account, whether through a broker or otherwise.A dealer is defined by the fact that it acts as principal in trading for its own account, as opposed to a broker who acts as an agent in executing orders on behalf of its clients.REAKING DOWN 'Dealer'. While âdealerâ is a separate registration category in the U.S., in Canada the term is used as the shortened version of âinvestment dealer,â which is the equivalent of a broker-dealer in the U.S.