Broker Meaning: Definition, Examples, and Translations

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broker

[ˈbrəʊkər ]

Definitions

Context #1 | Noun

finance

A person or firm that acts as an intermediary between a buyer and seller, usually for a commission. Brokers can facilitate transactions in various markets such as real estate, stocks, and insurance.

Synonyms

agent, intermediary, middleman.

Examples of usage

  • He worked as a broker in the stock market.
  • The broker helped us find the perfect house.
  • She contacted a broker to help her with her insurance needs.
Context #2 | Verb

finance

To arrange or negotiate transactions as a broker. It involves connecting buyers and sellers and overseeing the deal-making process.

Synonyms

facilitate, mediate, negotiate.

Examples of usage

  • He brokered a deal between the two companies.
  • They brokered the sale of the property successfully.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Economics

  • Brokers play a crucial role in financial markets, acting as intermediaries between buyers and sellers to facilitate trades and negotiate deals.
  • They often earn a commission or fee for their services, which can vary depending on the market and type of goods involved.
  • In recent times, the rise of online trading platforms has allowed individuals to act as brokers themselves, reducing the need for traditional brokers.

Pop Culture

  • Brokers are frequently depicted in movies and TV shows as high-stakes negotiators, portraying both the glamour and the risks of trading.
  • Popular TV dramas often focus on stock market brokers, highlighting their fast-paced lifestyle and the pressure to succeed.
  • The character of the stockbroker is often associated with greed, ambition, and sometimes moral dilemmas, as seen in films like 'Wall Street'.

Legal Framework

  • Brokers are often required to be licensed in their respective fields (e.g., real estate, stock trading) to ensure compliance with industry regulations.
  • Different countries have various laws that govern broker conduct and protect consumer interests, reflecting the importance of trust in broker relations.
  • Disclosures about fees, potential conflicts of interest, and the risks involved in transactions are essential components of a broker's responsibilities.

Origin of 'broker'

Main points about word origin

  • The word has roots in the Old French term 'brocour', which means 'one who breaks' or 'to break', referring to breaking deals or relationships.
  • In its earliest usage, it was associated with a trader or dealer, especially in goods or commodities.
  • The term evolved in England during the 16th century, where it referred to a person managing trades on behalf of others.

The word 'broker' originated from Middle English 'brocour', which came from Anglo-French 'brocour', meaning 'small trader'. The term has evolved over time to refer to a person or firm that acts as an intermediary in various transactions, particularly in the financial and real estate markets.


See also: brokers.

Word Frequency Rank

At #6,066 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.