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单词 primary dealer
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primary dealer
primary dealer n. (a) Business a distributor or wholesaler purchasing directly from producers; (b) Finance a dealer authorized to deal directly with a country's central bank.
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1914 Manitoba Free Press 25 July 22/4 One of these descriptions, that of primary dealer, is new. It is intended to include a class of buyer formerly not comprised within the terms of the act.
1949 N.Y. Times 2 Mar. 4 (advt.) As a primary dealer in U.S. Government bonds, notes, certificates and discount bills, Bankers Trust maintains a market in these securities.
2003 J. A. Crutchfield & A. Zellner Econ. Marine Resources & Conservation Policy xi. 105/2 The gap between market prices and fishing costs..could even attract large secondary wholesalers and chain retailers into bypassing existing primary dealers entirely.
2005 Euromoney (Electronic ed.) Dec. Bankers say that many of Europe's debt management offices are abusing their power over their primary dealers to keep costs of issuance down.
extracted from primaryadj.n.
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