Deposit Broker


Deposit Broker
An individual or firm that facilitates the placement of investors' deposits with insured depository institutions. Deposit brokers offer investors an assortment of fixed-term investment products, which earn low-risk returns.

Deposit brokers sell financial instruments such as guaranteed investment certificates, term deposits, government bonds and certificates of deposit. They are similar to stock brokers, but offer alternatives to investing only in equity. While stock brokers must pass the Series 7 to sell securities, deposit brokers may not need regulatory approval to sell fixed-term securities.


Investment dictionary. . 2012.

Look at other dictionaries:

  • deposit broker — ➔ broker1 * * * deposit broker UK US noun [C] FINANCE ► a person or company that buys and sells investment products such as government bonds, certificates of deposit, and term deposits for other people → Compare STOCKBROKER(Cf. ↑ …   Financial and business terms

  • Broker — An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. The New York Times Financial… …   Financial and business terms

  • broker — A company or individual that executes futures and options orders on behalf of financial and commercial institutions and/or the general public. Chicago Board of Trade glossary An agent who executes trades (buy or sell orders) for customers. He… …   Financial and business terms

  • Deposit/Withdrawal at Custodian - DWAC — One of the two ways of electronically transferring securities between broker/dealers and the Depository Trust Company (DTC). The Deposit/Withdrawal at Custodian (DWAC) and Direct Registry System (DRS) methods enable investors to hold securities… …   Investment dictionary

  • deposit — 1) A sum of money paid by a buyer as part of the sale price of something in order to reserve it. Depending on the terms agreed, the deposit may or may not be returned if the sale is not completed. 2) A sum of money left with an organization, such …   Accounting dictionary

  • deposit — 1) A sum of money paid by a buyer as part of the sale price of something in order to reserve it. Depending on the terms agreed, the deposit may or may not be returned if the sale is not completed. 2) A sum of money left with an organization, such …   Big dictionary of business and management

  • Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account …   Wikipedia

  • Certificate of Deposit Account Registry Service — The Certificate of Deposit Account Registry Service (CDARS), is a private, patented, for profit service that breaks up large deposits (from individuals, companies, nonprofits, public funds, etc.) and places them across a network of more than 3000 …   Wikipedia

  • Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… …   Wikipedia

  • Money broker — Money Mon ey, n.; pl. {Moneys}. [OE. moneie, OF. moneie, F. monnaie, fr. L. moneta. See {Mint} place where coin is made, {Mind}, and cf. {Moidore}, {Monetary}.] 1. A piece of metal, as gold, silver, copper, etc., coined, or stamped, and issued by …   The Collaborative International Dictionary of English