brokerage

1 a stock broker's business; charges a fee to act as intermediary between buyer and seller [syn: brokerage firm, securities firm]

2 the business of a broker; charges a fee to arrange a contract between two parties

3 place where a broker conducts his business [syn: brokerage house]

English

Etymology

Noun

1. a person or firm that buys and sells stocks and shares
2. the commission paid to a broker

In commerce, a broker is a party that mediates between a buyer and a seller. A broker who also acts as a seller or as a buyer becomes a principal party to the deal. Distinguish agent: one who acts on behalf of a principal. A brokerage or a brokerage firm is a business that acts as a broker. A sales person working for a securities or commodity brokerage firm is popularly (but incorrectly) called a "broker." A broker in that context is, strictly speaking, an exchange member who actually executes the purchase or sale order in the pit, on the exchange, as a service to the client of the firm for which that salesman works.

Types of brokers

• Business broker
• Commodity broker
• Construction equipment broker
• Contract Hire Broker (see Business Contract Hire)
• Forex Broker
• Insurance broker
• Investment broker
• Mortgage broker
• Real estate broker
• Rigs brokers
• Ship broker
• Stock broker
• Yacht charter brokers
• Capacity broker
• Off Business broker
• Marriage broker

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