A person or company who does not trade as a principal, but puts buyers and sellers in touch with one another. Stockbrokers do this for stocks and shares; commodity brokers for commodities, insurance brokers for insurance policies, and shipping brokers for tramp and charter shipping. Brokers are able to charge commission for this service because of their specialized knowledge of the markets.

• UNCTAD
• undated security
• under-capitalized
• under-developed country
• under-funded pension scheme
• underlying rate of inflation
• under-subscription
• under-valued currency
• underwriting
• undistributed profits
• UNDP
• unearned income
• unemployable
• unemployment
• unemployment benefit
• unemployment rate
• unexpected inflation
• unfair competition
• unfair dismissal
• unfunded pension scheme
• unified budget
• uniform business rate
• uniform distribution
• union
• unionized