Brokage is a term that is often used in the world of finance and business. It refers to the act of acting as an intermediary between two parties in a transaction. In this article, we will explore the definition and meaning of brokage, its origin, and its associations.
Definitions
Brokage is defined as the fee charged by a broker for acting as an intermediary in a transaction. It can also refer to the act of acting as an intermediary between two parties in a transaction.
Origin
The word “brokage” has its roots in the Middle English word “brokour,” which means “broker.” The word “broker” comes from the Old French word “broceur,” which means “small trader.” The term “brokage” has been used in English since the 15th century.
Meaning in different dictionaries
According to the Merriam-Webster dictionary, brokage is “the business of a broker, especially the negotiating of loans or sales of securities or commodities.” The Oxford English Dictionary defines brokage as “the commission or fee paid to a broker for negotiating a sale or purchase.”
Associations
Brokage is often associated with the world of finance and business. It is commonly used in the context of stockbrokers, real estate brokers, and other types of brokers.
Synonyms
Some synonyms of brokage include brokerage, commission, fee, and compensation.
Antonyms
There are no direct antonyms of brokage, but some related terms include direct sale, purchase, and negotiation.
The same root words
Some related words that have the same root as brokage include broker, brokerage, and brokering.
Example Sentences
- The broker charged a brokage fee of 2% for arranging the sale of the property.
- The brokage for the sale of the stocks was split between the buyer’s and seller’s brokers.
- The company paid a brokage fee to the investment bank for arranging a loan.