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Home > Business & Careers > Accounting   »   Why should I trust ?

 
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Old Sep 26, 2007, 10:01 PM
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Why should I trust ?

Why is the man who invests all your money called a 'broker'?

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Old Sep 27, 2007, 12:46 AM   #2  
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don't trust anyone, trust me. see?!

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Greg Quinn agrees: Sure....
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Old Sep 27, 2007, 12:49 AM   #3  
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You know, that's an interesting question considering part of the name is "broke."

I did find the information on the following site that might lend some insight as to why the name "broker."

broker: definition, usage and pronunciation - YourDictionary.com

Quote:
Broker Etymology

[Middle English, from Anglo-Norman brocour, abrocour; akin to Spanish alboroque, ceremonial gift at conclusion of business deal, from Arabic al-barka, the blessing, colloquial variant of al-baraka : al-, the + baraka, blessing, divine favor (from braka, to bless; see brk in Semitic roots).]

Word History: Giving gifts to one's broker might be justifiable from an etymological point of view because the word broker may be connected through its Anglo-Norman source, brocour, abrocour, with Spanish alboroque, meaning "ceremony or ceremonial gift after the conclusion of a business deal." If this connection does exist, "business deal" is the notion shared by the Spanish and Anglo-Norman words because brocour referred to the middleman in transactions. The English word broker is first found in Middle English in 1355, several centuries before we find instances of its familiar compounds pawnbroker, first recorded in 1687, and stockbroker, first recorded in 1706.

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Greg Quinn agrees: Thanks Clough... Better late than never.
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Old Sep 27, 2007, 08:50 AM   #4  
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You answered the question but I have to spread some reputation around before I can agree. Thanks Clough

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Clough agrees: You're welcome!!
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