brokerage allowance

Definition

A commission that is paid by the seller in a transaction to the broker who arranged the sale. This is based upon some type of percentage of the selling price. This allowance usually will refer only to transactions in which the broker does not take possession of the goods that were sold.

Featured Advertiser

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
brokerage account brokerage business