Legal Definition and Related Resources of Broker
Meaning of Broker
One who exercises the calling of negotiating between parties ; the business of buying or selling or any other lawful transactions. A person whose business it is to bring a buyer and seller together. See Williams <& Co. v school district of Pittsburg, 244 A.2d 37, 430 Pa. 509. Any person engaged in the business of effecting transactions in securities for the account of others, but does not include a bank. 15 U.S.C. §78(C)(4).
Financial Definition of Broker
An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders.
Legal Definition of Broker
An agent who handles the public”s orders to buy and sell securities, commodities or other property. A commission is charged for this service. (See: Commission broker, Dealer)
What does Broker mean?
A licensed legal representative of the policyholder, who negotiates with an insurance company on behalf of a customer, but is paid a commission by the insurance company.
Synonyms of Broker
noun
- agent
- bargaining agent
- commission agent
- commission merchant
- customers”man
- dealer
- deputy
- factor
- gobetween
- intermediary
- intermedium
- internuncio
- interpres
- link
- matchmaker
- mediator
- medium
- middleman
- monger
- negotiant
- negotiator
- realtor
- regrater
- representative
- trader
- Associated Concepts: brokerage
- broker”s commission
- exchange broker
- insurance broker
- merchandise broker
- notebroker
- pawnbroker
- real estate broker
- stockbroker
Related Entries of Broker in the Encyclopedia of Law Project
Browse or run a search for Broker in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Broker in Historical Law
You might be interested in the historical meaning of this term. Browse or search for Broker in Historical Law in the Encyclopedia of Law.
Legal Abbreviations and Acronyms
Search for legal acronyms and/or abbreviations containing Broker in the Legal Abbreviations and Acronyms Dictionary.
Related Legal Terms
You might be also interested in these legal terms:
Mentioned in these terms
Cabalist, Factor, Lame Duck, Listing, Margin Account, Multiple Listing, Short Sale, Stockbroker.
Broker in the Dictionary of Law consisting of Judicial Definitions and Explanations of Words, Phrases and Maxims
Mid. Eng., an agent, a witness of a transaction. An agent employed to make bargains and contracts between other persons in matters of trade, commerce or navigation, for a compensation commonly called brokerage. 83 N.Y. 381.
Note: This legal definition of Broker in the Dictionary of Law (English and American Jurisprudence) is from 1893.
Translate Broker from English to Spanish
Translation of Broker, with examples. More about free online translation into Spanish of Corredor and other legal terms is available here.
- Corredor
- Legal English Translation
What does Broker mean in American Law?
The definition of Broker in the law of the United States, as defined by the lexicographer Arthur Leff in his legal dictionary is:
A person engaged, ordinarily as an occupation, in any form of brokerage. For particular types of brokers, see entries containing the word, e.g., insurance broker; marriage broker; pawnbroker; stockbroker. See also commission merchant; factor.
Grammar
This term is a noun.
Etimology of Broker
(You may find broker at the world legal encyclopedia and the etimology of more terms).
mid-14c. (mid-13c. in surnames), “commercial agent, factor,” also “an agent in sordid business,” from Anglo-French brocour “small trader,” from abrokur “retailer of wine, tapster;” perhaps from Portuguese alborcar “barter,” but more likely from Old French brocheor, from brochier “to broach, tap, pierce (a keg),” from broche “pointed tool” (see broach; this term is also a noun.), giving original sense of “wine dealer,” hence “retailer, middleman, agent.” In Middle English, used contemptuously of peddlers and pimps, “one who buys and sells public office” (late 14c. in Anglo-French), “intermediary in love or marriage” (late 14c.).
Concept of “Broker, Brogger, Broccator”
Traditional meaning of broker, brogger, broccator in English (with some legal use of this latin concept in England and the United States in the XIX Century) [1]: (in Latin) An agent employed to buy, sell, or make contracts.
Resources
Notes and References
- Based on A Concise Law Dictionary of Words, Phrases and Maxims, “Broker, Brogger, Broccator”, Boston: Little, Brown, and Company, 1911, United States. It is also called the Stimson’s Law dictionary. This term and/or definition may be absolete.
See Also
Hierarchical Display of Broker
Trade > Distributive trades > Distributive trades > Sales occupation
Meaning of Broker
Overview and more information about Broker
For a more comprehensive understanding of Broker, see in the general part of the online platform.[rtbs name=”xxx-xxx”]
Resources
Translation of Broker
- Spanish: Corredor de comercio
- French: Courtier
- German: Warenmakler
- Italian: Sensale
- Portuguese: Corretor
- Polish: Pośrednik
Thesaurus of Broker
Trade > Distributive trades > Distributive trades > Sales occupation > Broker
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