broker

  

Definition

Person who serves as a trusted agent or intermediary in commercial negotiations or transactions. Brokers are usually licensed professionals in fields where specialized knowledge is required, such as finance, insurance, and real estate. Their rate of compensation (called brokerage or commission) is determined according to custom of the particular trade or by law, and is computed commonly either as a fixed percentage of the value of the transaction or on a sliding scale (higher the value, lower the percentage).

Use broker in a sentence

  • Barbara didn't trust the financial advice she was receiving from her Dean Witter broker because she was constantly losing money.

    3 people found this helpful    
  • The broker was trusted with bringing the diamond company to the deliberating table with the mining company which he was currently failing at.

    11 people found this helpful    
  • I called my broker to buy some Pepsi shares, but he told me that was a bad idea, and to buy Coke shares instead.

    10 people found this helpful    
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/broker.html

Have a question about broker? Ask for help in the
Community
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z