subbroker
nounEtymology From sub- + broker.
1
A secondary or subsidiary broker.
- In order to pay these subbrokers, he must receive a higher rate of commission. Brokers ordinarily insist on a higher brokerage if they have to use subbrokers.1918, Food Investigation, Report of the Federal Trade Commission on Canned Foods, General Report and Canned Vegetables and Fruits, page 66:
- Related terms
- subbrokerage