discount broker

American  

noun

1. an agent who discounts commercial paper.

2. a stockbroker who charges discount commission fees.

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Other Word Forms

• discount brokerage noun

Etymology

Origin of discount broker

First recorded in 1860–65

Example Sentences

This is a good option if you need help setting up a master plan that you could then implement yourself with a fund company or discount broker.

From US News • May 18, 2016

“Most of the transactions in the secondary market are conducted through a broker or a discount broker, and the individual investor doesn’t have the horsepower or tools for price discovery,” Mr. Heckman said.

From New York Times • Apr. 22, 2016

Griffin, the founder of hedge fund Citadel LLC, which runs a competing trade execution business, earlier this year resigned from the E*Trade board and sold Citadel's 9.6 percent stake in the discount broker.

From Reuters • Aug. 6, 2013

Read our guide to investing.Avoid initial charges of 5%-6% by buying via a discount broker.

From The Guardian • Jul. 23, 2010

Schwab quickly became the largest discount broker in the U.S., with offices in 40 cities, 600 employees and 220,000 clients.

From Time Magazine Archive