An unfixed broker's commission that is determined through negotiation, depending on the specifics of the trades performed.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A fee that a client negotiates with a broker to conduct trades on the client's behalf. Some brokerages charge set commissions, but some allow clients, especially large ones, to apply negotiated commissions. They became more common after commissions were deregulated in 1975. See also: May Day.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.