primary dealer
A financial institution, broker-dealer or bank approved to do business with the U.S. Federal Reserve. A primary dealer can underwrite government debt and is obligated to make markets in government securities such as T-Bills, notes and bonds. Such dealers must report their activity daily to the Federal Reserve and have to meet stringent requirements to be considered.
Browse by Subjects
floating charge
over the counter sales
planned economy
working capital
covered interest rate arbitrage