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A Law Dictionary and Glossary · George C. Kinney · 1893

A Law Dictionary and Glossary

An agent employed to buy and sell or to make contracts, particularly in matters of trade, commerce and navigation, as a mere middle-man or negotiator, — he being, in general, not authorized to contract in his own name, nor intrusted with possession or the right to possession, as a factor is. In its earlier use, the word was confined to persons acting in dealings between merchant and merchant