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Independent Broker

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Definition of Independent Broker

Independent Broker Image 1

Independent Broker

This is a provincial government licensed independent businessperson who usually represents five or more life insurance companies in a sales and service capacity and who is paid a commission by those life insurance companies for sales and service of life insurance products. We for example, have been in business for 12 years and regularly place new business with over twenty different life insurance companies.



Related Terms:

Broker

An individual who is paid a commission for executing customer orders. Either a floor broker who
executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their
orders.


Broker

An agent who handles public orders to buy or sell financial assets.


Broker loan rate

Related: Call money rate.


Brokered market

A market where an intermediary offers search services to buyers and sellers.


Commission broker

A broker on the floor of an exchange acts as agent for a particular brokerage house and
who buys and sells stocks for the brokerage house on a commission basis.



Floor broker

A member who is paid a fee for executing orders for clearing members or their customers. A
floor broker executing customer orders must be licensed by the CFTC.


Independent project

A project whose acceptance or rejection is independent of the acceptance or rejection of
other projects.


Independent Broker Image 2

independent project

an investment project that has no specific
bearing on any other investment project


Independent Projects

A situation where an increase (or decrease) in the benefits of one
project has no effect on the benefits of another project. Also, a
situation where the acceptance of one project does not preclude
the acceptance of another project.


independent variable

a variable that, when changed, will
cause consistent, observable changes in another variable;
a variable used as the basis of predicting the value of a
dependent variable



 

 

 

 

 

 

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