broker

noun
bro·​ker | \ ˈbrō-kər \

Definition of broker 

1 : one who acts as an intermediary: such as
a : an agent who arranges marriages
b : an agent who negotiates contracts of purchase and sale (as of real estate, commodities, or securities)
3 : one who sells or distributes something an information broker

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Other Words from broker

broker verb

Examples of broker in a Sentence

the broker in the hostage situation was a prominent reporter that the gunman felt he could trust all of the local yacht brokers were at the boat show

Recent Examples on the Web

Meanwhile, Skyryde appears to be essentially acting as a broker and does not need a Part 135 certificate, the FAA spokesman said. Fredrick Kunkle, Washington Post, "Los Angeles sky taxi takes off in bid to create Uber-like flight-hailing," 11 June 2018 The massive ride-share was coordinated by Spaceflight Industries, a company that brokers rides on rockets for satellite operators. Loren Grush, The Verge, "Watch SpaceX launch its biggest crop of satellites yet with a twice-used rocket," 3 Dec. 2018 But there are other places out there, such as eHealth, HealthPlanOne, or HealthInsurance.com, that operate essentially as online brokers. Sarah Jacoby, SELF, "Heads Up: You Can Still Sign Up for Obamacare and Open Enrollment Is Going On Right Now," 14 Nov. 2018 The regional mediators broker cease-fire after cease-fire but show no willingness to enforce them. Sam Mednick, Fox News, "Report: South Sudan troops raped, killed while peace pursued," 19 Sep. 2018 Leslie Remy, a realtor based in McKinney, Texas, was one of several brokers featured on an upcoming season of House Hunters. Megan Friedman, House Beautiful, "A Realtor Has Revealed Exactly What It’s Like To Film 'House Hunters'," 17 Aug. 2018 The sale price was $133 million, according to Jesse Goldsmith, vice president at CBRE and one of the property's brokers. Jen Fifield, azcentral, "GoDaddy founder, who 'doesn't do anything small,' buys Westgate district in Glendale," 12 June 2018 Their pleas were announced Tuesday following the unsealing of an indictment of Raúl Gorrín, president of the Venezuelan pro-government TV channel Globovision and the insurance broker Seguros La Vitalicia. Samuel Rubenfeld, WSJ, "U.S. Says Two Pleaded Guilty in Graft Probe Linked to Venezuelan Media Mogul," 20 Nov. 2018 Editor's note: An earlier version of this story incorrectly said that the proposed law would not apply to data brokers. Jon Brodkin, Ars Technica, "Proposed data privacy law could send company execs to prison for 20 years," 2 Nov. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'broker.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of broker

14th century, in the meaning defined at sense 1

History and Etymology for broker

Middle English, negotiator, from Anglo-French brocour

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Statistics for broker

Last Updated

10 Jan 2019

Look-up Popularity

Time Traveler for broker

The first known use of broker was in the 14th century

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More Definitions for broker

broker

noun

Financial Definition of broker

What It Is

A broker is a person or a company that acts as an intermediary between buyers and sellers. Brokers exist not just in the financial markets, but in the real estate market, the commodities market, the art market -- even the boat market.

How It Works

Brokers are often paid a commission, which is a percentage of the customer's purchase or sale price, though some receive a flat fee per transaction or a mix of the two.

There are many types of brokers in the financial world. For example, a commodities broker specializes in trading commodities, a floor broker handles orders on the floor of a stock or commodities exchange and a full-service broker offers brokerage services and sells other financial products such as insurance, tax planning or research conducted by other members of the brokerage firm. A discount broker essentially executes trades on behalf of customers and does little else. Brokers are not the same as research analysts, who analyze and make recommendations about certain stocks.

In the financial world, brokers must have Series 7 and Series 63 licenses; other licenses are often required for specific types of brokers. For example, some brokers must also obtain a Series 3 license if they want to trade certain financial products such as futures and commodities. To obtain a Series 7 license, the applicant must pass the Series 7 exam (also called the Qualification Examination for General Securities Representative), which primarily covers the seven critical functions performed by registered representatives: seek business for the broker/dealer, evaluate customer needs and objectives, advise clients, manage customer accounts and account records, explain the securities markets and the factors that affect them, execute orders for clients and monitor client portfolios. The National Association of Securities Dealers administers the test.

Why It Matters

Brokers are some of the most important people in any market because they bring buyers and sellers together and thus create liquidity and efficiency in the market.

However, investors should remember that broker commissions eat into returns, so investors should shop for a broker that provides an appropriate level of service. For instance, the extra cost of a full-service broker may be worth it for people who don't have the knowledge or inclination to stay on top of complicated investing or financial planning. Likewise, new investors or those with complex portfolios might find more comfort in full-service brokers. Investors who hold their investments for a long time are usually less bothered by higher trading commissions because they don't trade that often.

Source: Investing Answers

broker

noun

English Language Learners Definition of broker

: a person who helps other people to reach agreements, to make deals, or to buy and sell property (such as stocks or houses)

broker

noun
bro·​ker | \ ˈbrō-kər \

Kids Definition of broker

: a person who acts as an agent for others in the buying or selling of property

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broker

noun
bro·​ker | \ ˈbrō-kər \

Legal Definition of broker 

: 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. A securities broker often acts also as a dealer and so is often referred to as a broker-dealer.

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More from Merriam-Webster on broker

Rhyming Dictionary: Words that rhyme with broker

Thesaurus: All synonyms and antonyms for broker

Spanish Central: Translation of broker

Nglish: Translation of broker for Spanish Speakers

Britannica English: Translation of broker for Arabic Speakers

Britannica.com: Encyclopedia article about broker

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