Commission


 

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Commission

A percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing.

Commission

Compensation due a real estate broker for acting on behalf of the principal.

Commission

Payment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs.



Similar Matches

Fee and commission compensation

Fee and commission compensation

See: Fee-based compensation


Commission broker

Commission broker

A broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.


Securities & Exchange Commission (SEC)

Securities & Exchange Commission (SEC)

A federal agency that regulates the US financial markets. The SEC also oversees the securities industry and promotes full disclosure in order to protect the investing public against malpractice in the securities markets.


International Organization of Securities Commissioners

International Organization of Securities Commissioners

In the US, this organisation encourages co-operative policies on market regulation, surveillance, and enforcement at the domestic and international levels in order to maintain just and efficient securities markets.


Indemnity commission

Indemnity commission

Where a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'.


Further Suggestions

Commodity Futures Trading Commission
Securities and Exchange Commission Rules
commission house
Futures commission merchant (FCM)
Commission house
Split commission
Commodity Futures Trading Commission (CFTC)
Securities and Exchange Commission
Underwriting Commission
Futures Commission Merchant
Federal Maritime Commission (FMC)


 
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