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


  • 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.

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.


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.


Notes and References

  1. 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”]


Translation of Broker

Thesaurus of Broker

Trade > Distributive trades > Distributive trades > Sales occupation > Broker

See also


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