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broker - 11 dictionary results

bro⋅ker

[broh-ker]
–noun
1. an agent who buys or sells for a principal on a commission basis without having title to the property.
2. a person who functions as an intermediary between two or more parties in negotiating agreements, bargains, or the like.
3. stockbroker.
–verb (used with object)
4. to act as a broker for: to broker the sale of a house.
–verb (used without object)
5. to act as a broker.

Origin:
1350–1400; ME broco(u)r < AF broco(u)r, abrocour middleman, wine merchant; cf. OPr abrocador, perh. based on Sp alboroque gift or drink concluding a transaction (< Ar al-burūk the gift, gratuity), with -ador < L -ātōr- -ator


bro⋅ker⋅ship, noun

broke

[brohk]
–verb
1. a pt. of break.
2. Nonstandard. a pp. of break.
3. Archaic. a pp. of break.
–adjective
4. without money; penniless.
5. bankrupt.
–noun
6. Papermaking. paper unfit for sale; paper that is to be repulped.
7. brokes, wool of poor quality taken from the neck and belly of sheep.
8. go broke,
a. to become destitute of money or possessions.
b. to go bankrupt: In that business people are forever going broke.
9. go for broke, to exert oneself or employ one's resources to the utmost.

Origin:
1655–65 (adj.); 1875–80 (n.)


4, 5. insolvent, destitute, impoverished.

stock⋅brok⋅er

[stok-broh-ker]
–noun
a broker, esp. one employed by a member firm of a stock exchange, who buys and sells stocks and other securities for customers.
Also called broker.


Origin:
1700–10; stock + broker


stock⋅brok⋅er⋅age, stock brokerage [stok-broh-ker-ij] , noun
stockbroking, stock⋅brok⋅er⋅ing, noun
bro·ker   (brō'kər)   
n.  
  1. One that acts as an agent for others, as in negotiating contracts, purchases, or sales in return for a fee or commission.
  2. A stockbroker.
  3. A power broker.
tr.v.   bro·kered, bro·ker·ing, bro·kers
To arrange or manage as a broker: broker an agreement among opposing factions.

[Middle English, from Anglo-Norman brocour, abrocour; akin to Spanish alboroque, ceremonial gift at conclusion of business deal, from Arabic al-barka, the blessing, colloquial variant of al-baraka : al-, the + baraka, blessing, divine favor (from bāraka, to bless; see brk in Semitic roots).]
Word History: Giving gifts to one's broker might be justifiable from an etymological point of view because the word broker may be connected through its Anglo-Norman source, brocour, abrocour, with Spanish alboroque, meaning "ceremony or ceremonial gift after the conclusion of a business deal." If this connection does exist, "business deal" is the notion shared by the Spanish and Anglo-Norman words because brocour referred to the middleman in transactions. The English word broker is first found in Middle English in 1355, several centuries before we find instances of its familiar compounds pawnbroker, first recorded in 1687, and stockbroker, first recorded in 1706.

Broker

Bro"ker\ (br[=o]"k[~e]r), n. [OE. brocour, from a word akin to broken, bruken, to use, enjoy, possess, digest, fr. AS. br[=u]can to use, enjoy; cf. Fries. broker, F. brocanteur. See Brook, v. t.]

1. One who transacts business for another; an agent.

2. (Law) An agent employed to effect bargains and contracts, as a middleman or negotiator, between other persons, for a compensation commonly called brokerage. He takes no possession, as broker, of the subject matter of the negotiation. He generally contracts in the names of those who employ him, and not in his own. --Story.

3. A dealer in money, notes, bills of exchange, etc.

4. A dealer in secondhand goods. [Eng.]

5. A pimp or procurer. [Obs.] --Shak.

Bill broker, one who buys and sells notes and bills of exchange.

Curbstone broker or Street broker, an operator in stocks (not a member of the Stock Exchange) who executes orders by running from office to office, or by transactions on the street. [U.S.]

Exchange broker, one who buys and sells uncurrent money, and deals in exchanges relating to money.

Insurance broker, one who is agent in procuring insurance on vessels, or against fire.

Pawn broker. See Pawnbroker.

Real estate broker, one who buys and sells lands, and negotiates loans, etc., upon mortgage.

Ship broker, one who acts as agent in buying and selling ships, procuring freight, etc.

Stock broker. See Stockbroker.
Language Translation for : broker
Spanish: corredor, *agente de bolsa,
German: der Makler,
Japanese: 仲買人

broker

A financial agent or intermediary; a middleman.


broker 
1377, from Anglo-Norm. brocour "small trader," from Anglo-Fr. abrokur "retailer of wine, tapster," perhaps Port. alborcar "barter," but more likely O.Fr. brocheor, from brochier "to broach, tap, pierce (a keg)," from broche "pointed tool" (see broach (n.)), giving original sense of "wine dealer," hence "retailer, middleman, agent." In M.E., used contemptuously of peddlers and pimps.

Broker

1. An individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor.

2. The role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.

3. A licensed real estate professional who typically represents the seller of a property. A broker's duties may include: determining market values, advertising properties for sale, showing properties to prospective buyers, and advising clients with regard to offers and related matters.

Investopedia Commentary

Traditionally, only the wealthy could afford a broker and access the stock market. The Internet triggered an explosion of discount brokers brokers that let you trade at a smaller fee, but don't provide personalized advice. Because of discount brokers, almost anybody can afford to invest in the market.

Related Links

Brokers and Online Trading
Tips For Resolving Disputes With Your Financial Advisor
Shopping For A Financial Advisor

See also: Agent, Analyst, Broker-Dealer, Churning, Cold Calling, Contra Broker, Dealer, Dialing and Smiling, Discount Broker, Front Running, Full Service Broker, Market Maker, Principal, Registered Investment Advisor (RIA)


broker

  1. An individual or a firm that brings together buyers and sellers but does not take a position in the asset to be exchanged. Some observers believe a broker provides an unbiased opinion on a security since there is little self-interest involved in the transaction. Compare dealer.
  2. See registered representative.

What should I look for in a broker?

When interviewing prospective brokers, you should look for one with a clean NASD record, great referrals, and stability in his or her business. In addition, he or she should not be transaction oriented but should instead be concerned about your values and goals and be willing to realize that the best trade may be no trade. In summary, you should look for a financial advisor rather than just a broker.

George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA


Main Entry: bro·ker
Pronunciation: 'brO-k&r
Function: noun
: an agent who negotiates contracts of sale (as of real estate or securities) or other agreements (as insurance contracts or mortgages) between the parties for a fee or commission —compare DEALER, FINDER
NOTE: An insurance broker differs from an insurance agent in that a broker is usually considered an agent of the insured, even though he or she may receive a commission from an insurance company. A broker may sell the products of a number of insurers, and an insurer has no liability for a broker's wrongful actions (as misrepresentation or fraud). A securities broker often acts also as a dealer and so is often referred to as a broker-dealer.
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