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.
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.
Grammar
This term is a noun.
Etimology of Capitation
(You may find capitation at the world legal encyclopedia and the etimology of more terms).
1610s, “counting of heads,” from Late Latin capitationem (nominative capitatio), noun of action from past participle stem of a verb derived from caput “head” (see capitulum). Meaning “levying of a poll tax” is from 1640s.
Resources
See Also
- Tax
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