brokerage etymology

Etymology

"Brokerage" is derived from the Old French word "brochier," meaning "to pierce" or "to tap."

Meaning

Brokerage refers to:

• A business: A company or individual that arranges transactions between buyers and sellers, receiving a commission for their services.
• A fee: The compensation paid to a broker for their services, typically a percentage of the transaction value.
• A transaction: The process of arranging or negotiating a deal between two parties.

Origin

The concept of brokerage has existed for centuries. In medieval Europe, brokers played a vital role in facilitating trade by bringing buyers and sellers together. They typically specialized in specific commodities, such as cloth, spices, or metals.

Over time, the brokerage industry expanded beyond goods to include financial instruments, real estate, and other assets. Today, brokers provide a wide range of services, including:

• Stock trading
• Insurance policies
• Property sales
• Mortgage loans
• Shipping arrangements

brokerage relate terms

• broker

  Etymology The word broker comes from the Old French word brocour which is derived fr

• broach

  Etymology Middle English brochen brouchen from Old French broche from Late Latin br

• factor

  Etymology Latin factum a deed act event Past participle of facere to do make

• work

  Etymology The word work comes from the Old English word weorc which means to do t

• business

  Etymology The word business is derived from the Old English word bisignis which mean

• concern

  Etymology Old French concerner to belong to concern Latin contingere to happen o

• firm

  Etymology The word firm derives from the Latin word firmus meaning strong stead

• firm

  Etymology The word firm derives from the Latin word firmus meaning strong stead

• house

  Etymology The word house has an Indo European root h₁eu̯s This root also gave r

• protest

  Etymology The word protest comes from the Late Latin word protestari meaning to bea

• casserole

  Etymology The word casserole has French origins It is derived from the Old French wor