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Term of the Day
broker's commission
each way
half-commission man
Definition
noun
the
payment
to a
broker
for a
deal
which he or she has carried out.
Also called
brokerage
(
Note
Formerly, the
commission
charged
by
brokers
on the
London Stock Exchange
was
fixed
, but since 1986,
commissions
have been
variable
.)
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