1. A retailer who purchases goods or services for resale to consumers in a principal capacity.
2. In securities law, a person who functions at least part time as an agent, broker, or principal in the business of offering, buying, selling, or otherwise dealing in securities issued by another person. Either direct or indirect involvement with such transactions can suffice for classification as a dealer. See, e.g., 15 U.S.C. § 77b (a)(12).
Definition from Nolo’s Plain-English Law Dictionary
Anyone who buys goods or property for the purpose of selling as a business. It is important to distinguish a dealer from someone who occasionally buys and occasionally sells, since dealers may need to obtain business licenses, register with the sales tax authorities, and may not defer capital gains taxes by buying other property.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:14 pm