AskDefine | Define brokerage

Dictionary Definition

brokerage

Noun

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]

User Contributed Dictionary

English

Etymology

Noun

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

Extensive Definition

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.
brokerage in Arabic: دلاَّل
brokerage in German: Makler
brokerage in Dutch: Makelaar
brokerage in Norwegian: Megler
brokerage in Polish: Broker
brokerage in Russian: Маклер
brokerage in Serbian: Брокер
brokerage in Swedish: Mäklare
brokerage in Ukrainian: Маклер

Synonyms, Antonyms and Related Words

admission, admission fee, agency, anchorage, barter, bartering, boiler room, brokerage house, brokerage office, bucket shop, buying and selling, carfare, cellarage, charge, charges, cover charge, dealing, demand, dockage, doing business, dues, entrance fee, exaction, exactment, exchange, fare, fee, give-and-take, hire, horse trading, interchange, jobbing, legal bucketing, license fee, merchandising, pilotage, portage, retailing, salvage, scot, scot and lot, shot, stockbrokerage, stockbroking, stockjobbery, stockjobbing, storage, swapping, toll, towage, trade, trading, trafficking, wharfage, wheeling and dealing, wholesaling
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