What Does Brokerage Firm Mean?

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What does Brokerage Firm mean? Read on to discover the definition & meaning of the term Brokerage Firm - to help you better understand the language used in insurance policies.

Brokerage Firm

Brokerage Firm

A brokerage firm is a business that serves as a transactional middle between a buyer and a seller. It earns its income from a commission collected for every finished deal. It can also function as a professional adviser for people who engage in trading securities.

We hope the you have a better understanding of the meaning of Brokerage Firm.

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