Broker: A salesperson who has obtained a state license to sell and service contracts of multiple health plans or insurers, and who is ordinarily considered to be an agent of the buyer, not the health plan or insurer.

 

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Broker: A salesperson who has obtained a state license to sell and service contracts of multiple health plans or insurers, and who is ordinarily considered to be an agent of the buyer, not the healt . . . View Full Definition

Deep Discount Brokerage Firm: A financial services company that offers rock-bottom rates for large-volume securities transactions is sometimes described as a deep discount firm. However, online brokerage firms or electro . . . View Full Definition

Online Brokerage Firm: To buy and sell securities online, you set up an account with an online brokerage firm. The firm executes your orders and confirms them electronically. When the markets are open, the turnaro . . . View Full Definition

Broker Cooperation: Working with outside licensed real estate brokers who have prospective tenants in exchange for a finders fee or commission split.

Brokered CD: A certificate of deposit issued by a bank or thrift institution bought by a brokerage firm in bulk for the purpose of reselling to brokerage customers. A broker CD features a higher interest . . . View Full Definition

Discount Brokerage Firm: Discount brokerage firms charge lower commissions than full-service brokerage firms when they execute investors' buy and sell orders but may provide fewer services to their clients. For exam . . . View Full Definition

Bond Broker: A broker on the floor of an exchange who trades bonds.

Associate Broker: A real estate license classification used in some states to describe a person who has qualified as a real estate broker but still works for and is supervised by another broker, also called a . . . View Full Definition

Brokerage Firm: Brokerage firms, also known as broker-dealers, are licensed by the Securities and Exchange Commission (SEC) to buy and sell securities for clients and for their own accounts. When a brokerag . . . View Full Definition

Brokerage Account: To buy and sell securities through a broker-dealer or other financial services firm, you establish an account, generally known as a brokerage account, with that firm. In a full-service broke . . . View Full Definition