fee-splitting

American  

[fee-split-ing] / ˈfiˌsplɪt ɪŋ /

noun

1. the practice of dividing a fee for professional services between two professional persons, as between a referring doctor and a specialist, without the knowledge of the client.

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Other Word Forms

• fee-splitter
  noun

Etymology

Origin of fee-splitting

First recorded in 1940–45

Example Sentences

Others say the fee-splitting among golfers is cumbersome.

From Los Angeles Times • Mar. 19, 2025

The SEC argued that such "give-ups" create pressures for "churning"�meaning that fee-splitting can lead to trading simply to generate brokerage commissions for the friends of funds.

From Time Magazine Archive

Another Chicago pooler would collect his fee, make a few payments, then recommend that his client go into bankruptcy, steering him to a fee-splitting lawyer.

From Time Magazine Archive

Many U. S. practitioners are guilty of more flagrant abuses, such as fee-splitting.

From Time Magazine Archive

Moreover, despite the exchange's supposedly inflexible minimum fees, the SEC hearings have shown that most brokers give up the bulk of their commissions on big trades through fee-splitting arrangements.

From Time Magazine Archive