Definition

A business or firm that helps people buy and sell financial assets like stocks and bonds, often charging a fee for their services.

Example

She decided to open an account with a brokerage to invest in the stock market.

Conversation

Have you ever thought about investing through a brokerage?

I have, but I'm not sure how it works.

It's pretty straightforward; they help you buy and sell stocks.

That makes sense! Maybe I should look into a brokerage soon.

Synonyms & Antonyms

Root Explanation

Brokerage → It is formed from "broker" (from Old French *brokeur*, meaning a middleman or agent) and the suffix "-age" (meaning the action or result of). The word "brokerage" refers to the action or service provided by a broker, typically in financial transactions.

Memory Tip

Think of a 'broker' as a middleman who helps with transactions, and '-age' indicates the action or service they provide. This helps you remember that 'brokerage' is the service of a broker.

Visually Confused Words