Meaning of “discount brokerage” in the English Dictionary

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"discount brokerage" in Business English

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discount brokeragenoun [ C ]

uk us STOCK MARKET

a company that buys and sells investments for its customers at a lower cost than a full-service brokerage because it does not provide investment advice:

He now has $7,000 invested, through an online discount brokerage

(Definition of “discount brokerage” from the Cambridge Business English Dictionary © Cambridge University Press)