brokerage

[broh-ker-ij]

noun

1. Also brokering the business of a broker. broke.

2. the commission of a broker. broke.

brokerage

/ ˈbrəʊkərɪdʒ /

noun

1. commission charged by a broker to his principals

2. a broker's business or office

Word History and Origins

Origin of brokerage¹

First recorded in 1425–75; late Middle English; broker + -age

Example Sentences

All other estate planning documents, including wills, all financial and brokerage accounts, and life insurance policies can pour assets into the trust at death by naming the trustee as the death beneficiary.

From Salon

The wildfire that ravaged Los Angeles in January caused $51.7 billion in damage to residential properties within the city, according to a new report from real estate brokerage Redfin.

From Los Angeles Times

Similar to traditional investing, a crypto exchange acts as a brokerage where people can transfer traditional money, like pounds or dollars, in exchange for cryptocurrencies like Bitcoin or Ethereum.

From BBC

Anyone wishing to “invest,” the brokerage said, can wire money to a shifting array of banks, including Chase.

From Salon

All institutions — two banks and a brokerage house, all medium-sized firms — denied any wrongdoing.

From Los Angeles Times

Related Words

• contribution 
• cost 
• duty 
• expense 
• fine 
• levy 
• price 
• rate 
• tariff