Definition 1
A company that buys open-end investment company shares directly from the fund for the purpose of reselling to interested buyers.
Definition 2
More generally, a firm which sells and delivers merchandise to retail stores or acts as an intermediary in business.
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'distributor' appears in the definitions of these other terms on BusinessDictionary.com: nonprice vertical restraint, protected territory, push money, sales quota, reintermediation, and 
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