brokerage

brokerage
The business of a broker; the compensation or commission of a broker. Little Rock v Barton, 33 Ark 436, 447. The very essence of a brokerage commission is its dependence upon success, and its independence of the amount of work done by the broker. It is earned if the broker, without devoting much or any time to finding a customer, succeeds in procuring one. No commission is earned if a broker is not successful, and he is not entitled to any compensation, no matter how much time he has spent in finding a customer, if no customer is found. Cadigan v Crabtree, 179 Mass 474, 61 NE 37.

Ballentine's law dictionary. . 1998.

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Look at other dictionaries:

  • brokerage — bro·ker·age / brō kə rij/ n 1: the business or establishment of a broker 2: a broker s fee or commission Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • Brokerage — Bro ker*age, n. 1. The business or employment of a broker. Burke. [1913 Webster] 2. The fee, reward, or commission, given or changed for transacting business as a broker. [1913 Webster] …   The Collaborative International Dictionary of English

  • brokerage — mid 15c., a broker s trade, from BROKER (Cf. broker). Also, in 17c., a pimp s trade …   Etymology dictionary

  • brokerage — [brō′kər ij] n. 1. the business or office of a broker 2. a broker s fee or commission …   English World dictionary

  • brokerage — The fee paid to a floor broker for executing orders. May be a flat amount or a percentage; also referred to as a commission. Chicago Mercantile Exchange Glossary Commission charges payable on securities transactions. Dresdner Kleinwort… …   Financial and business terms

  • brokerage — The wages or commissions of a broker; also, his business or occupation @ brokerage contract A contract of agency, whereby broker is employed to make contracts of kind agreed upon in name and on behalf of his principal, and for which he is paid an …   Black's law dictionary

  • brokerage — The wages or commissions of a broker; also, his business or occupation @ brokerage contract A contract of agency, whereby broker is employed to make contracts of kind agreed upon in name and on behalf of his principal, and for which he is paid an …   Black's law dictionary

  • brokerage — [[t]bro͟ʊkərɪʤ[/t]] brokerages 1) N COUNT: usu N n A brokerage or a brokerage firm is a company of brokers. ...Japan s four biggest brokerages. 2) N UNCOUNT: usu N n A brokerage fee or commission is the money charged by a broker for his or her… …   English dictionary

  • brokerage — Synonyms and related words: admission, admission fee, agency, anchorage, barter, bartering, boiler room, brokerage house, brokerage office, bucket shop, buying and selling, carfare, cellarage, charge, charges, cover charge, dealing, demand,… …   Moby Thesaurus

  • brokerage — UK [ˈbrəʊkərɪdʒ] / US [ˈbroʊkərɪdʒ] noun [uncountable] Word forms brokerage : singular brokerage plural brokerages business the activities of organizing business deals for other people …   English dictionary

  • Brokerage — 1Bro|ke|rage [ broʊkərɪd̮ʒ], das: [engl. brokerage, zu: broker, ↑ Broker] (Börsenw.): Aktienhandel. 2Bro|ke|rage, die; (Börsenw.): Gebühr, die ein Broker für seine Tätigkeit erhält …   Universal-Lexikon

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