Agency Dictionary
brokerage
nounPronunciation: /ˈbroʊkərɪdʒ/
In Portuguese: corretagem
Economics & FinanceWhat does “brokerage” mean?
The business, activity, or fee of a licensed broker who facilitates commercial transactions between buyers and sellers.
Etymology
Formed from broker with the ending -age, which names an activity or its fee. Broker comes from Anglo-French brocour or abrocour, "small trader, middleman". Its further origin is uncertain: it is often connected with Old French brochier, "to broach, to tap a cask", which would make the first brokers retailers of wine, but other explanations exist. Brokerage is found from late Middle English for the business and for the commission; its use for a firm of brokers is later and mainly American.
Usage note
In American English a brokerage is also the firm itself (an online brokerage). The fee may be called brokerage or a brokerage fee.
Synonyms
- brokering
- intermediation
- agency
- commission
Word family
- broker
- broking
- stockbroker
- pawnbroker
Usage examples
Cryptocurrency brokerage surged and connected FIAT currency to the ecosystem, making it possible to exchange and convert the asset with real money, in real-time.
Concept
Source editions
Where this entry comes from in the Agency editorial.
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Also from these editions: terms
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- The complete sequence of processes, entities, and facilities involved in producing and distributing a commodity.
- surplusnoun
- An amount of an asset, commodity, or resource that exceeds what is strictly utilized or demanded.
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