Definition

A term that refers to the fee or commission charged by a broker for their services in facilitating a transaction, often in finance or real estate.

Example

The broker received a brokage for helping the client buy the house.

Conversation

I heard that the new brokage firm is really good.

Yeah, I've read some great reviews about them.

I wonder if they can help with my investments.

Definitely, it might be worth checking them out.

Synonyms & Antonyms

Root Explanation

Brokage → The word originates from the Old French 'brocage', meaning the act of breaking or a broken state. It refers to the condition of being broken or damaged, particularly in a financial context.

Memory Tip

Think of the Old French word 'brocage' which relates to breaking — this helps you remember that 'brokage' refers to something that is broken or damaged.

Visually Confused Words