Discount broker
A brokerage house featuring relatively low commission rates in comparison to a full-service broker. |
Similar financial terms
DiscountA value lower than par value; the decreased market value of a bond resulting from its intrest rate and safety rating.
Discount rate
The loan intrest rate charged by the Federal Reserve Bank to its member banks.
Accretion (of a discount)
In portfolio accounting, a straight-line accumulation of capital gains on discount bond in anticipation of receipt of par at maturity.
Pure-discount bond
A bond that will make only one payment of principal and interest. Also called a zero-coupon bond or a single-payment bond.
Original issue discount debt (OID debt)
Debt that is initially offered at a price below par.
Bank discount basis
A convention used for quoting bids and offers for treasury bills in terms of annualized yield , based on a 360-day year.
Cash discount
An incentive offered to purchasers of a firm's product for payment within a specified time period, such as ten days.
Broker
A broker is an agent who executes orders to buy or sell securities or other assets on behalf of a client in exchange for a commission.
Brokered market
A market where an intermediary offers search services to buyers and sellers.
Commission broker
A broker on the floor of an exchange acts as agent for a particular brokerage house and who buys and sells stocks for the brokerage house on a commission basis.
Carrying Broker
A member of a commodity exchange, usually a futures commission merchant, through whom another broker or customer elects to clear all or part of its trades.
