jobber
Noun: 1. A wholesaler or middleman: A person or company that buys goods in large quantities from manufacturers and sells them, typically in smaller lots, to retailers or other businesses, but not directly to the final consumer. 2. A stockjobber (historical, UK finance): A dealer on the London Stock Exchange who traded securities between brokers, acting as a market maker by quoting buy and sell prices. This role was abolished in 1986.
The term "jobber" is primarily used in commercial and historical financial contexts. In modern general business English, "wholesaler," "distributor," or "middleman" are more common. The financial sense is now largely historical.
Commercial sense:
- The furniture jobber purchased the entire production run and supplied it to local stores.
- He worked as a jobber, connecting electronics manufacturers with regional retail chains.
Historical financial sense:
- Before the Big Bang in 1986, a jobber on the London Stock Exchange would quote prices for shares to brokers.
- Stockjobber: This specific compound term refers exclusively to the historical role on the London Stock Exchange. It is important to distinguish this from a "stockbroker," who acted as an agent for clients.
- The system of stockjobbers was replaced by a competitive market-making system.
- Job (verb/noun): While "jobber" is a specific term, its root "job" has broader meanings related to work or a specific task.
- Stockjobber (noun): The historical financial dealer (see Advanced Usage).
- Wholesaler (noun): A more common modern synonym for the commercial sense.
- Distributor (noun): A company that supplies goods to retailers.
- Middleman (noun): A general term for an intermediary in a transaction.
- Wholesaler
- Distributor
- Middleman
- Merchant (in a specific wholesale context)
- Supplier (in a wholesale context)
-
someone who buys large quantities of goods and resells to merchants rather than to the ultimate customers
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