brokerage
UK[ˈbrəʊkərɪdʒ]US[ˈbroʊkərɪdʒ]
n
the business of acting as a broker, especially in buying and selling stocks or property.
n
a fee or commission charged by a broker for their services.
Morpheme Breakdown
broker
age
broker
agent
age
collective noun suffix
Etymology
the word 'brokerage' is a layered construction that tells the story of a specialized commercial role. its core, 'broker', entered english from the anglo-norman trade world, originally referring to a retailer, particularly one who tapped and sold wine. this term itself evolved from the practical action of 'broaching' a cask. the suffix '-age', of latin origin via old french, is commonly used to form nouns denoting a collective function or the charge associated with an action. therefore, 'brokerage' logically builds from the agent ('broker') to encapsulate the entire business, function, or fee associated with that agent's mediating role in transactions, perfectly capturing its modern financial and commercial senses.
Analysis
Structure: broker (agent) + age (collective noun suffix)
broker (from middle english 'brocour', meaning a middleman or retailer, of anglo-norman origin, likely from old french 'brocheor', meaning a wine retailer, from 'brochier', to broach a cask; functions as the agent noun). age (from old french '-age', a noun-forming suffix indicating a collective entity, action, or result, from latin '-aticum'; functions as a suffix forming nouns denoting a related function, charge, or state).
Examples
she works for a large online brokerage that handles stock trades for individual investors.
the brokerage on the sale of the house was 3% of the final price.
he decided to switch to a discount brokerage to reduce his trading costs.