Broker Dealer - Law Dictionary Search Results
Home Dictionary Name: broker dealer Page 1 of about 12 results ( seconds)broker
broker : an agent who negotiates contracts of sale (as of real estate or securities) or other agreements (as insurance contracts or mortgages) between the parties for a fee or commission compare dealer, finder NOTE: An insurance broker differs from an insurance agent in that a broker is usually considered an agent of the insured, even though he or she may receive a commission from an insurance company. A broker may sell the products of a number of insurers, and an insurer has no liability for a broker's wrongful actions (as misrepresentation or fraud). A securities broker often acts also as a dealer and so is often referred to as a broker-dealer. ...
broker dealer
a financial specialist who trades for his own account and so acts both as a broker and principal...
Bad-boy provision
Bad-boy provision, means a statutory or regulatory clause in a blue-sky law stating that certain persons, because of their past conduct, are not entitled to any type of exemption from registering their securities. Such clauses typically prohibit issuers, officers, directors, control persons, or broker dealers from being involved in a limited offering if they have been the subject of an adverse proceeding concerning securities, commodities or postal fraud, Black Law Dictionary, 7th Edn., p. 134....
Dealer
Dealer, in relation to any dangerous machine or any part thereof, means a person who, or a firm or a Hindu undivided family which, carries on, directly or otherwise, the business of buying, selling, supplying or distributing any dangerous machine or any part thereof, whether for cash or for deferred payment or for commission, remuneration or other valuable consideration, and includes-(i) a commission agent who carries on such business on behalf of any principal;(ii) an importer who sells, supplies, distributes or otherwise delivers any dangerous machine to any user, manufacturer, repairer, consumer or any other person. But does not include a manufacturer who sells, supplies, distributes or otherwise delivers any dangerous machine or any part thereof to any person or category of persons referred to in this clause. [Dangerous Machines (Regulation) Act, 1983 (35 of 1983), s. 3 (e)](2) includes a person who is engaged--(a) in building bodies for attachment to chassis; or (S. 2 (8)(b) The M...
Jobber
Jobber, means (1) One who buys from a manufacturer and sells to a retailer; a wholesaler or middleman. (2) A middleman in the exchange of securities among brokers. Also termed stock jobber; stock-jobber. (3) One who works by the job; a contractor, Black's Law Dictionary, 7th Edn., p. 840.Jobber, one who buys or sells for a speedy profit by re-sale or re-purchase; on the Stock Exchange, a dealer in stocks and shares, dealers 'constituting one of the two classes of members of whom the House consists, transacting business with dealers or brokers only; the other class being brokers who act as buying or selling agents for and deal with the public. See STOCK EXCHANGE....
Stock Exchange
Stock Exchange, a society of stockbrokers and dealers (or stockjobbers) for the conduct of the sale or purchase, on behalf of non-members, of Government securities and stocks or shares in public companies. See COMPANY. The members of the 'House' (as it is called) must be re-elected annually and pay a substantial annual subscrip-tion. In the transaction of business they are governed by certain usages, and by rules framed by the Committee of the Stock Exchange which bind their outside employers, if reasonable, but not otherwise, See Beilson v. James, (1882) 9 QBD 546 (CA), in which a custom to disregard Leeman's Act (see LEEMAN'S ACTS) was held unreasonable; Chitty on Contracts; and the works of Melsheimer and Laurence, Brodhurst, and Stutfield. Also, the place where they meet to transact business. See BROKER.Perhaps the most important of the London Stock Exchange Rules are Rules 66 and 75, by which:-66. The Stock Exchange does not recognize in its dealings any other parties than its own...
Dealer
One who deals one who has to do or has concern with others esp a trader a trafficker a shopkeeper a broker or a merchant as a dealer in dry goods a dealer in stocks a retail dealer...
Emigrant runner
Emigrant runner, any person, other than a licensed passage broker (see that title) or his clerk, who in any port or within five miles of it, for reward, solicits any intending emigrant on behalf of broker or owner or master of a ship, or any lodging-house keeper, or money changer, or other dealer for any purpose connected with the preparations or arrangements for a passage [(English) Merchant Shipping Act, 1894, s. 347]. Like a passage broker, the emigrant runner requires a license in a county borough of the borough council and in a county district [see (English) Local Government Act, 1894, s. 27 (d)] of the district council....
Regulation T
Regulation T : a regulation of the Board of Governors of the Federal Reserve System regulating the extension of credit by and to securities brokers and dealers and imposing initial margin requirements and payment rules on securities transactions ...
Financial Institution
Financial Institution, means a banking company to which the Banking Regulation Act, 1949 (10 of 1949) applies (including any bank or banking institution referred to in s. 51 of that Act); or any other financial institution which the Central Government may, by notification in the Official Gazette, specify in this behalf. [Income Tax Act, 1961 (43 of 1961), s. 80E(3)(b)]Means:(i) a public financial institution within the meaning of s. 4A of the Companies Act, 1956;(ii) such other institution as the Central Government may, having regard to its business activity and the area of its operation in India by notification, specify. [Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (51 of 1993), s. 2 (h)]Financial institution means:(i) a public financial institution within the meaning of s. 4A of the Companies Act, 1956 (1 of 1956);(ii) any institution specified by the Central Govern-ment under sub-clause (ii) of clause (h) of s. 2 of the Recovery of Debts Due to Banks and Fina...
- << Prev.
- Next >>