Meaning & Definition of word "Broker"
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Broker
/ˈbroʊ.kər/
noun:
- 1. A person or company that arranges and facilitates transactions between parties, typically in finance or real estate.
- Example: The broker helped me find the best mortgage rate for my new house.
- 2. An agent who buys and sells goods or assets on behalf of others.
- Example: She hired a stockbroker to manage her investment portfolio.
- 3. A person who serves as a mediator or facilitator in negotiations or discussions.
- Example: The broker negotiated terms between the buyer and seller to close the deal.
Etymology
From Middle English 'brocour', from Old French 'broceur', derived from 'broker' meaning 'to cheat'.
Common Phrases and Expressions
stockbroker:
A broker who specializes in buying and selling stocks.
real estate broker:
A professional who helps clients buy, sell, or rent properties.
insurance broker:
An intermediary between clients and insurance companies, helping clients find insurance coverage.
Related Words
agent:
A person who acts on behalf of another.
intermediary:
A person who acts as a link between people in a transaction.
Slang Meanings of broker
Meaning: Wall Street whiz
Example Sentence: That guy is a Wall Street whiz, he's a top broker.
Meaning: Money man
Example Sentence: He's my money man, always gives the best stock tips.