Brokers


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Related to Brokers: Stock brokers, Types of Brokers, Customs Brokers

BROKERS, commerce. Those who are engaged for others, in the negotiation of contracts, relative to property, with the custody of which they have no concern. Paley on Agency, 13; see Com. Dig. Merchant, C.
     2. A broker is, for some purposes, treated as the agent of both parties; but in the first place, he is deemed the agent only of the person by whom he is originally employed; and does not become the agent of the other until the bargain or contract has been definitely settled, as to the terms, between the principals. Paley on Ag. by Lloyd, 171, note p; 1 Y. &, J. 387.
     3. There are several kinds of brokers, as, Exchange Brokers, such as negotiate in all matters of exchange with foreign countries.
     4. Ship Brokers. Those who transact business between the owners of vessels, and the merchants who send cargoes.
     5. Insurance Brokers. Those who manage the concerns both of the insurer and the insured.
     6. Pawn Brokers. Those who lend money, upon goods, to necessitous people, at interest.
     7. Stock Brokers. Those employed to buy and sell shares of stocks in corporations and companies. Vide Story on Ag. Sec. 28 to 32; T. L. h. t.; Maly. Lex Mer. 143; 2 H. Bl. 555; 4 Burr, R. 2103; 4 Kent, Com. 622, note d, 3d ed.; Liv. on Ag. Index, h. t.; Chit. Com. L. Index, h. t.; and articles Agency; Agent; Bought note; Factor; Sold note.

References in classic literature ?
Because she had the money there with which to pay off the brokers.
The news of the dealing, however, had got about, and although derision was the chief sentiment amongst the brokers, the price steadily mounted.
The brokers, however, now understood, or thought they understood, the situation.
asked Gigonnet, pointing to the broker, who had the bluff face of a porter.
When Rawdon and his wife wished to communicate with Captain Dobbin at the sale, and to know particulars of the catastrophe which had befallen Rebecca's old acquaintances, the Captain had vanished; and such information as they got was from a stray porter or broker at the auction.
I hope you won't think it selfish, Copperfield, if I mention that the broker carried off my little round table with the marble top, and Sophy's flower-pot and stand?
And, sitting down, he wrote a letter to his broker, ordering him to sell out at the market price.
The crew was complete: it included a Boots-- A maker of Bonnets and Hoods-- A Barrister, brought to arrange their disputes-- And a Broker, to value their goods.
He was the chief purveyor of the Legitimist armies, an honest broker of stores, and enjoyed a great reputation for cleverness.
He's on the Stock Exchange, and he's a typical broker.
I shall tell them," he said, "that I apprehended you after you escaped from the camp, that I took you to Achmet Zek, and that as he was engaged in a stubborn battle with the Waziri, he directed me to return to camp with you, to obtain here a sufficient guard, and to ride north with you as rapidly as possible and dispose of you at the most advantageous terms to a certain slave broker whose name he gave me.
Pitcher, confidential clerk in the office of Harvey Maxwell, broker, allowed a look of mild interest and surprise to visit his usually expressionless countenance when his employer briskly entered at half past nine in company with his young lady stenographer.