- The fee paid to a floor broker for executing orders. May be a flat amount or a percentage; also referred to as a commission. Chicago Mercantile Exchange Glossary————Commission charges payable on securities transactions. Dresdner Kleinwort Wasserstein financial glossary
* * *brokerage bro‧ker‧age [ˈbrəʊkərɪdʒ ǁ ˈbroʊ-] noun FINANCE1. [countable] also brokerage house ORGANIZATIONS an organization of brokers:
• The credibility of a brokerage or bank can disappear overnight, and when it does, so does the firm.ˈdiscount ˌbrokerage[countable] FINANCE ORGANIZATIONS a brokerage that buys and sells investments for its clients, without offering them investment adviceˌfull ˈservice ˌbrokerage FINANCE ORGANIZATIONS[countable] a brokerage that offers investment advice:
• full-service brokerage firms such as Merrill Lynch & Co. which, unlike the discounters, provide investment advice and research along with tradingˌonline ˈbrokerage FINANCE[countable] a brokerage that allows clients to buy and sell investments over the Internet2. [uncountable] the work done by brokers:
• Its basic business of retail brokerage is slow.
• The electricity company saved $520,000 in brokerage fees by selling the bonds directly to investors.
* * *The commission or fee charged by a broker. In the US, this term is commonly used to refer to a brokerage firm.
* * *brokerage UK US /ˈbrəʊkərɪdʒ/ noun STOCK MARKET, FINANCE, COMMERCE► [C] (also brokerage house) an organization that buys and sells currency, shares, etc. For other people or organizations: »
Several brokerages compete to match buyers and sellers of a given stock.► [U] (also broking) the activity of buying and selling currency, shares, etc.: »
Investors want the company to quit insurance brokerage and move into shipping services.► [C or U] the amount of money that a broker charges: »
They charged brokerage of around 10%.
Financial and business terms. 2012.
Look at other dictionaries:
brokerage — bro·ker·age / brō kə rij/ n 1: the business or establishment of a broker 2: a broker s fee or commission Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
Brokerage — Bro ker*age, n. 1. The business or employment of a broker. Burke. [1913 Webster] 2. The fee, reward, or commission, given or changed for transacting business as a broker. [1913 Webster] … The Collaborative International Dictionary of English
brokerage — mid 15c., a broker s trade, from BROKER (Cf. broker). Also, in 17c., a pimp s trade … Etymology dictionary
brokerage — [brō′kər ij] n. 1. the business or office of a broker 2. a broker s fee or commission … English World dictionary
brokerage — The wages or commissions of a broker; also, his business or occupation @ brokerage contract A contract of agency, whereby broker is employed to make contracts of kind agreed upon in name and on behalf of his principal, and for which he is paid an … Black's law dictionary
brokerage — [[t]bro͟ʊkərɪʤ[/t]] brokerages 1) N COUNT: usu N n A brokerage or a brokerage firm is a company of brokers. ...Japan s four biggest brokerages. 2) N UNCOUNT: usu N n A brokerage fee or commission is the money charged by a broker for his or her… … English dictionary
brokerage — Synonyms and related words: admission, admission fee, agency, anchorage, barter, bartering, boiler room, brokerage house, brokerage office, bucket shop, buying and selling, carfare, cellarage, charge, charges, cover charge, dealing, demand,… … Moby Thesaurus
brokerage — UK [ˈbrəʊkərɪdʒ] / US [ˈbroʊkərɪdʒ] noun [uncountable] Word forms brokerage : singular brokerage plural brokerages business the activities of organizing business deals for other people … English dictionary
Brokerage — 1Bro|ke|rage [ broʊkərɪd̮ʒ], das: [engl. brokerage, zu: broker, ↑ Broker] (Börsenw.): Aktienhandel. 2Bro|ke|rage, die; (Börsenw.): Gebühr, die ein Broker für seine Tätigkeit erhält … Universal-Lexikon
brokerage — noun Brokerage is used before these nouns: ↑account … Collocations dictionary