Broking

/ˈbroʊkɪŋ/ noun

Definition

The business or profession of acting as a broker, arranging transactions or deals between buyers and sellers for a commission.

Etymology

From 'broker,' derived from Old French 'brocour' (one who broaches or deals in goods), itself from 'broche' (a peg or pointed tool), metaphorically meaning to open up transactions.

Kelly Says

Broking became a crucial financial role in the 1600s because it solved an information problem—when you had goods to sell but no direct access to buyers, a broker with a network could find the right person, and this role became so valuable it eventually created entire stock markets and modern finance systems.

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