1. A likeness of a person, especially one showing the face, that is created by a painter or photographer, for example. 2. A verbal representation or description, especially of a person. 3. A dramatic representation of a character: the actor's portrait of the famous general. 4.
The last major differences between retail and wholesale is the use of realtors. Realtors serve a very useful purpose in retail as they are experts in their field and help buyers who have no idea how real estate works, how to negotiate contracts or what is needed to protect themselves from bad deals on the market.
A guide to the differences and tips for your practice. Legislation that draws a distinction between wholesale and retail clients is aimed squarely at bolstering protection for retail clients in the financial advice process. At the same time, allowing clients to be classified as wholesale enables those with the skills, desire and experience to participate in wholesale markets, and invest in more complex products.