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GLOSSARY: Enter search term:
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Glossary Term: BROKER

Definition(s) for BROKER:


1. ) A company or individual who is responsible to executes futures and options orders on behalf of financial and commercial Institutions and-or the general public.

2. ) see Floor Broker.

3. ) A broker is a licensed capital markets services' representative of a brokerage firm, and acts as an agent or intermediary for investors to buy and sell shares on their behalf. He is paid a commission or a brokerage fee for his service.

4. ) One Who Negotiates Contracts Of Insurance Or Reinsurance, Receiving A Commission For Placement And Other Services Rendered, Between (1) A Policy Holder And A Primary Insurer, On Behalf Of The Insured Party, (2) A Primary Insurer And Reinsurer, On Behalf Of The Primary Insurer Or (3) A Reinsurer And A Retrocessionaire, On Behalf Of The Reinsurer.


See Also:
BROKER LOAN RATE, BROKER-DEALER, FLOOR BROKER, FOREIGN EXCHANGE BROKER, INDEPENDENT BROKER, INSTITUTIONAL BROKER, INSURANCE BROKER, LISTING BROKER, REAL ESTATE BROKER, DISCOUNT BROKER, FULL-SERVICE BROKER, BOND BROKER, BROKER CALL RATE


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