BRO'KER, noun [from broke.]
1. An agent or negotiator, who is employed by merchants to make and conclude bargains for them for a fee or rate per cent., or who transacts other business for his employers.
Brokers are of several kings.
1. Exchange-brokers, who make and conclude bargains for others in matters of money or merchandize, learn the rate of exchange and notify their employers.
2. Stock-brokers, who are employed to buy and sell shares in the stocks, whether of the public funds, of banks or of other corporations.
3. Pawn-brokers, who make it their business to lend money upon pawns, that is, property deposited in pledge.
4. Insurance-brokers, whose business is to procure the insurance of vessels at sea or bound on a voyage.
In the U. States, the business of a stockbroker and an insurance-broker is often or generally carried on by the same person.
2. One who deals in old household goods.
3. A pimp or procurer.