Definition and explanation of the term Broker.
Term
Broker
Usage
Financial Institutions, Financial Term
Context
Answers questions: What does broker mean? Define Broker. Explain what a broker does. What is a broker? What does a broker do?
Definition of Broker
Broker is someone who acts as intermediary between a buyer and a seller of a commodity or security.
The evereyday meaning of the word broker is usually referring to a financial institution or someone working at, or affiliated with a financial institution - a brokerage firm.
Broker is often used as synonym to brokerage firm e.g. “My broker is really good” doesn’t necessarily mean that the person has got a personal broker from a brokerage firm, rather that the firm or the online representation of the firm is to his/her liking.