brokerage

brokerage
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
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Commission charges payable on securities transactions. Dresdner Kleinwort Wasserstein financial glossary

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brokerage bro‧ker‧age [ˈbrəʊkərɪdʒ ǁ ˈbroʊ-] noun FINANCE
1. [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 advice
ˌfull 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 trading

ˌonline ˈbrokerage FINANCE
[countable] a brokerage that allows clients to buy and sell investments over the Internet
2. [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.

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   The commission or fee charged by a broker. In the US, this term is commonly used to refer to a brokerage firm.

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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%.

→ See also DISCOUNT BROKERAGE(Cf. ↑discount brokerage), FULL-SERVICE BROKERAGE(Cf. ↑full-service brokerage), ONLINE BROKERAGE(Cf. ↑online brokerage)

Financial and business terms. 2012.

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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 — 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

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