Insurance broker

Insurance broker
Broker Bro"ker (br[=o]"k[~e]r), n. [OE. brocour, from a word akin to broken, bruken, to use, enjoy, possess, digest, fr. AS. br[=u]can to use, enjoy; cf. Fries. broker, F. brocanteur. See {Brook}, v. t.] 1. One who transacts business for another; an agent. [1913 Webster]

2. (Law) An agent employed to effect bargains and contracts, as a middleman or negotiator, between other persons, for a compensation commonly called brokerage. He takes no possession, as broker, of the subject matter of the negotiation. He generally contracts in the names of those who employ him, and not in his own. --Story. [1913 Webster]

3. A dealer in money, notes, bills of exchange, etc. [1913 Webster]

4. A dealer in secondhand goods. [Eng.] [1913 Webster]

5. A pimp or procurer. [Obs.] --Shak. [1913 Webster]

{Bill broker}, one who buys and sells notes and bills of exchange.

{Curbstone broker} or {Street broker}, an operator in stocks (not a member of the Stock Exchange) who executes orders by running from office to office, or by transactions on the street. [U.S.]

{Exchange broker}, one who buys and sells uncurrent money, and deals in exchanges relating to money.

{Insurance broker}, one who is agent in procuring insurance on vessels, or against fire.

{Pawn broker}. See {Pawnbroker}.

{Real estate broker}, one who buys and sells lands, and negotiates loans, etc., upon mortgage.

{Ship broker}, one who acts as agent in buying and selling ships, procuring freight, etc.

{Stock broker}. See {Stockbroker}. [1913 Webster]

The Collaborative International Dictionary of English. 2000.

Look at other dictionaries:

  • Insurance broker — Insurance In*sur ance, n. [From {Insure}.] [1913 Webster] 1. The act of insuring, or assuring, against loss or damage by a contingent event; a contract whereby, for a stipulated consideration, called premium, one party undertakes to indemnify or… …   The Collaborative International Dictionary of English

  • insurance broker — A company that arranges and negotiates insurance on behalf of clients. Practical Law Dictionary. Glossary of UK, US and international legal terms. 2010 …   Law dictionary

  • Insurance broker — An insurance broker (agent) sources (brokes) contracts of insurance on behalf of their customers.Insurance brokerage in the UKThe term Insurance Broker became a regulated term under the Insurance Brokers (Registration) Act 1977 [ [http://www.biba …   Wikipedia

  • insurance broker — A broker, independent of any insurance company, who represents the interests of the buyer in searching for insurance coverage at the lowest cost and providing the highest benefit to the buyer. Bloomberg Financial Dictionary * * * insurance broker …   Financial and business terms

  • insurance broker — One who acts as a middleman between the insured and the insurer, and who solicits insurance from the public under no employment from any special company, but having secured an order, either places the insurance with a company selected by the… …   Ballentine's law dictionary

  • insurance broker — draudimo brokeris statusas Aprobuotas sritis draudimo tarpininkavimo veikla apibrėžtis Asmuo, vykdantis draudimo ir perdraudimo tarpininkavimo veiklą draudimo brokerių įmonėje. Draudimo brokeriu gali būti tik nepriekaištingos reputacijos fizinis… …   Lithuanian dictionary (lietuvių žodynas)

  • insurance broker — noun an agent who sells insurance • Syn: ↑insurance agent, ↑general agent, ↑underwriter • Derivationally related forms: ↑underwrite (for: ↑underwriter) • …   Useful english dictionary

  • insurance broker — in surance .broker also in surance .agent n someone who arranges and sells insurance as their job …   Dictionary of contemporary English

  • insurance broker — A person who offers advice on all insurance matters and arranges cover, on behalf of the client, with an insurer Insurance brokers act as intermediaries and their income comes from commission paid to them by insurers, usually in the form of an… …   Big dictionary of business and management

  • insurance broker — also insurance agent noun (C) someone who arranges and sells insurance as their job …   Longman dictionary of contemporary English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”