nounthe payment to a broker for a deal which he or she has carried out.Also calledbrokerage (NoteFormerly, the commission charged by brokers on the London Stock Exchange was fixed, but since 1986, commissions have been variable.)
Related information about broker's commission:
- Broker's Commission - Financial Dictionary - The Free Dictionary
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commission n. 1) a fee paid based on a percentage of the sale made by an employee or agent, as distinguished from regular payments of wages or salary.
- Broker's Commission - The Free Dictionary
a. The act of granting certain powers or the authority to carry out a particular task or duty. b. The authority so granted. c. The matter or task so authorized: ...
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