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Discount brokers

Brokers which work for a small commission but do not provide personal advice.

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Related terms

discount broker
Banking; Investment banking

Broker who executes stock exchange transactions at favourable rates but without providing advice.

discount broker
Business services; Relocation

A real estate broker who works for a commission lower than that generally charged in the area.

discount broker
Financial services; General Finance

A brokerage house featuring relatively low commission rates in comparison to a full-service broker.

above par
Financial services; Stocks &securities

If bonds are re-sold on the secondary market, and if interest rates are lower that the bond's coupon rate, the bond will be sold at a premium, or above par.

P/E ratio
Financial services; Stocks &securities

The ratio of a company's current price per share and average earnings per share. The former is divided by the latter. A high ratio suggests high growth potential in the future.

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