brokerage
/ˈbrəʊkərɪdʒ/ noun STOCK MARKET, FINANCE, COMMERCEDefinition
› [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, full-service brokerage, online brokerage(Definition of brokerage noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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