Finance & Banking

Brokerage

ˈbroʊkərɪdʒ

noun

What does Brokerage mean?

An account for buying stocks and funds.

Example sentence

"I opened a brokerage account with Fidelity."

American usage tip

Fidelity, Schwab, Robinhood are common brokerages.

Related Finance & Banking words

Credit limit
The maximum you can borrow on a card.
Utilization
The percentage of credit limit you're using.
Pay yourself first
Save automatically before spending.
401(k)
An employer retirement account with tax benefits.
Minimum payment
The smallest allowed credit card payment.
ITIN
Tax ID for those not eligible for an SSN.
Interest rate
The cost of borrowing or reward for saving.
APR
Annual Percentage Rate — yearly loan/credit cost.

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