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Glossary

Glossary

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Categories:Types, Business/Law
Published by: routraykhushboo on Jan 03, 2012
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02/06/2013

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A member of a Stock Exchange who acts as an agent for clients and buys and sells shares on their
behalf in the market. Though strictly a stock broker is an agent, yet for the performance of his part of
the contract both in the market and with the client, he is deemed as a principal, a peculiar position of
dual responsibility.

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