Definition, Meaning & Synonyms
brokage
noun
/ˈbroʊ.kɪdʒ/
Definition
A term that refers to the fee or commission that a broker receives for executing a transaction or trade on behalf of a client.
Examples
- The brokage on the stock transaction was higher than expected.
- Investors should always be aware of the brokage fees when trading stocks.
- A low brokage can make a significant difference in investment returns.
Meaning
In financial markets, brokage is the compensation paid to a broker for their services in facilitating trades. It can also refer to the act of making a trade through a broker.
Synonyms
- commission
- fee
- charge
- brokerage fee
