BROKER Definition

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BROKER is an individual or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

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CONTROLLABLE EXPENSE expenses that can be controlled or restrained by management. Some of the costs of doing business can be postponed or spread out over a longer period of time (e.g., personnel costs, travel & entertainment, marketing expense).

BREACH OF CONTRACT is the failure to perform provisions of a contract.

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