brokerage
- 01 C1 Advanced
a company that acts as a middleman to help you buy and sell things like stocks, insurance, or houses.
a commercial firm or agency that acts as an intermediary between a buyer and a seller, typically in financial or real estate markets.
Simple“He opened an account with an online brokerage to start investing in the stock market.”
In context“The merger between the two major brokerages created a dominant player in the retail investment sector, controlling billions in client assets.”
UsageOften used as a countable noun when referring to a specific company.
- 02 C1 Advanced
the money or fee you pay to a broker for helping you complete a deal.
the commission or service fee charged by a broker for executing a transaction.
Simple“The brokerage on the sale of the house was five percent of the final price.”
In context“Investors should carefully calculate the total brokerage costs, as high transaction fees can significantly erode long-term portfolio returns.”
UsageUsually uncountable when referring to the general concept of fees.
Synonyms - 03 C1 Advanced
the job or activity of acting as a broker.
the professional practice or occupation of acting as an intermediary in commercial transactions.
Simple“She spent her entire career in brokerage, specializing in commercial shipping.”
In context“The regulatory environment for insurance brokerage has become increasingly complex, requiring practitioners to maintain rigorous compliance standards.”
UsageUncountable in this sense.
Synonymsbrokingmediation
From broker + -age.
Etymology adapted from Wiktionary, available under CC BY-SA 4.0.