| "In general, a fee paid to a broker or agent for facilitating a transaction. More specifically, a payment made to a stockbroker when you buy or sell shares. In general, the level of commission is either a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal. An important determinant of the amount of commission you pay will be the kind of service you get from your broker. This may be discretionary (the broker has general discretion as to how he manages your portfolio) |
