A commission shared between a broker and a financial adviser or other professional who brought the customer to the broker.
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A commission that two or more people share. For example, a broker may split a commission with a friend who introduced a client to the broker as a finder's fee. Alternatively, real estate agents may split the commission on a house if one represents the buyer and the other represents the seller.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
A sales fee divided among two or more people.
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.