Primary dealer


Usually refers to the select list of securities firms that are authorized to deal in new issues of government bonds.

Investing Essentials

Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Islamic Loan

A loan that interest cannot be charged on. Instead, the loan is structured using discounts, sale or lease, profit participation, or repurchase agreements.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!

Create your free portfolio