brokerage
Pronunciation: [ˈbroʊkərɪdʒ]
Word
Context: “finance”
(noun) a business that helps people buy and sell things like stocks or property. If you want to invest your money, you might go to a brokerage to get help.
Example
She opened an account at a brokerage to start investing in the stock market.
Example
He didn't want to use a brokerage because he preferred to trade on his own without help.
Example
Which brokerage do you think offers the best services for new investors?
Context: “fee”
(noun) the amount of money that you pay to a brokerage for helping you with buying or selling things. Just like paying a fee when you hire someone to do a job.
Example
The brokerage charged a small fee for each transaction I made.
Example
I was surprised that there was no brokerage fee for opening my account.
Example
How much is the brokerage fee for selling stocks?
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