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brokership

 - 5 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
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Cultural Dictionary

broker

A financial agent or intermediary; a middleman.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Word Origin & History

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.
Online Etymology Dictionary, © 2001 Douglas Harper
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Financial Dictionary

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

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

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.
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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