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English definition of “brokerage”

brokerage

noun
 
 
/ˈbrəʊkərɪdʒ/ 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, full-service brokerage, online brokerage
(Definition of brokerage from the Cambridge Business English Dictionary © Cambridge University Press)
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