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Investing Glossary:
Commission
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| The fee paid to a Broker to execute a trade, based On number of shares, bonds, options, and/or their dollar value. In 1975, Deregulation led to the establishment of Discount brokers, who charge lower commissions than Full service brokers. Full service brokers Offer advice and usually have a staff of analysts who follow specific industries. Discount brokers simply execute a client`s Order and usually do not offer an opinion on a stock. Also known as a round-turn.
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