Brokering Meaning: Definition, Examples, and Translations
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brokering
bro-ker-ing
Definition
business transactions
Brokering refers to the act of negotiating or arranging transactions between parties, typically for a commission. This term is often used in contexts such as real estate, financial services, and insurance, where a broker facilitates an agreement or deal between sellers and buyers.
Synonyms
facilitating, interceding, mediating, negotiating.
Examples of usage
- He is brokering a deal between two companies.
- The service involves brokering loans for clients.
- She specializes in brokering international trade agreements.
- They are brokering peace talks between the conflicting nations.
Translations
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Quick facts about “brokering”
Brokering is a 3-syllable verb (bro-ker-ing). It is pronounced /ˈbɹoʊkɝɪŋ/ in American English and /bɹˈəʊkəɹɪŋ/ in British English. On finesentence.com it has 1 meaning, 4 synonyms, and translations into 21 languages.
Origin of 'brokering'
The term 'brokering' originates from the Middle English word 'broker', which itself comes from the Anglo-French 'brocour', meaning a small trader or a dealer. This term dates back to the 15th century and has evolved over time. Initially, brokers were individuals who arranged the sale of goods and services on behalf of others. As commerce expanded and became more complex, the role of brokers diversified into various fields such as finance, insurance, and real estate. Today, brokering encompasses a wide range of activities across different sectors, serving as a crucial link between buyers and sellers, helping to facilitate transactions that might otherwise not occur. The modern broker often possesses specialized knowledge and skills that enable them to advise clients and negotiate favorable terms.