broker

The Sailor's Word-Book

Originally a broken tradesman, from the Anglo-Saxon broc, a misfortune; but, in later times, a person who usually transacts the business of negotiating between the merchants and ship-owners respecting cargoes and clearances: he also effects insurances with the underwriters; and while on the one hand he is looked to as to the regularity of the contract, on the other he is expected to make a candid disclosure of all the circumstances which may affect the risk.

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