commission house

commission house definition - business

commission house

A firm whose primary business is the execution of its customers' orders to buy and sell securities, activities for which it earns a fee. Commission houses earn the name from acting as brokers rather than as dealers.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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