discount broker

discount broker
A brokerage house featuring relatively low commission rates in comparison to a full-service broker. Bloomberg Financial Dictionary
See "broker."

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discount broker discount broker broker1

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discount broker UK US noun [C]
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.

Compare FULL-SERVICE BROKER(Cf. ↑full-service broker)
UK FINANCE BILL BROKER(Cf. ↑bill broker)

Financial and business terms. 2012.

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Look at other dictionaries:

  • Discount broker — Discount Dis count , n. [Cf. F. d[ e]compte. See {Discount}, v. t.] 1. A counting off or deduction made from a gross sum on any account whatever; an allowance upon an account, debt, demand, price asked, and the like; something taken or deducted.… …   The Collaborative International Dictionary of English

  • Discount Broker — A stockbroker who carries out buy and sell orders at a reduced commission compared to a full service broker, but provides no investment advice. It used to be that only the wealthy could afford a broker and access to the stock market. The internet …   Investment dictionary

  • Discount-Broker — Dis|count|bro|ker, Dis|count Bro|ker […broʊkɐ ], der; s, : Unternehmen, das im Auftrag von Privatkunden gegen niedrige Gebühren mit Wertpapieren handelt. * * * Discount Broker   [dɪs kaʊntbrəʊkə, englisch], Wertpapierhandelsunternehmen, die… …   Universal-Lexikon

  • discount broker — discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] * * * …   Universalium

  • discount-broker — disˈcount broker noun A person who cashes notes or bills of exchange at a discount • • • Main Entry: ↑discount …   Useful english dictionary

  • discount broker — /ˈdɪskaʊnt broʊkə/ (say diskownt brohkuh) noun a merchant who cashes bills of exchange at a discount, or lends money at a discount on securities …  

  • discount broker — noun : one who makes a business of discounting commercial paper usually as an agent * * * discount brokerage. 1. an agent who discounts commercial paper. 2. a stockbroker who charges discount commission fees. [1860 65] …   Useful english dictionary

  • discount broker — bill broker …   Accounting dictionary

  • discount broker — See bill broker …   Big dictionary of business and management

  • discount broker — / dɪskaυnt ˌbrəυkə/ noun a broker who charges a lower commission than other brokers …   Dictionary of banking and finance

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