brokerage
/broʊˈkɛrɪdʒ/ · brok·er·age
noun
- A business, firm, or company whose business is to act as a broker, such as a stockbroker or real estate broker. The brokerage firm handled the sale of the company's stock.
noun
- The commission paid to a broker for their services. The brokerage fee was deducted from the sale price of the house.
Did you know? The term 'brokerage' is often used in the context of stock trading, where a brokerage firm acts as an intermediary between buyers and sellers, facilitating the buying and selling of securities.