What Is a Broad Form Property Damage Endorsement? A broad form property damage endorsement was an addition to a commercial general liability (CGL) policy that eliminated the exclusion of property as part of the coverage provided by the insurer. A higher premium was usually required for this additional coverage. Key Takeaways A broad form property damage endorsement is
What Is Broad Form Storekeepers’ Insurance? Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery. This insurance is found under the burglary and robbery insurance policy. Key Takeaways Broad form storekeepers’ insurance is coverage provided to store owners in the event of theft or robbery, found under
What Is the Broad Tape? The stream of financial and business news produced by Dow Jones & Co. is still known as the broad tape, although it now arrives in electronic form. The service was originally printed on a ticker tape that was five inches wide, differentiating it from the narrower format used for stock
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What Is Broker Price Opinion (BPO)? A broker price opinion (BPO) is the estimated value of a property as determined by a real estate broker or other qualified individual or firm. A broker price opinion is based on the characteristics of the property being considered. A BPO is not representative of an official appraised value
What Is a Brokerage Window? A brokerage window is an option offered in a 401(k) plan that gives the investor the capability to buy and sell investment securities on their own through a brokerage platform. It may also be known as a “self-directed option” or a “self-directed brokerage option.” Key Takeaways In 401(k) retirement plans
What Is a Brokerage Firm? A brokerage firm or brokerage company is a middleman who connects buyers and sellers to complete a transaction for stock shares, bonds, options, and other financial instruments. Brokers are compensated in commissions or fees that are charged once the transaction has been completed. Most discount brokerages now offer their customers
What Is a Brokerage Fee? A brokerage fee is a fee or commission a broker charges to execute transactions or provide specialized services on behalf of clients. Brokers charge brokerage fees for services such as purchases, sales, consultations, negotiations, and delivery. There are many instances of brokerage fees charged in various industries such as financial
What Is a Brokerage Supervisor? Brokerage supervisors are financial professionals who oversee one or more brokers. They are employed by businesses that rely on various types of brokers, such as stock brokerage companies, mortgage brokers, or real estate agencies. Key Takeaways Brokerage supervisors oversee a team of brokers. They are found in financial services firms
What Is a Broker-Dealer? A broker-dealer (B-D) is a person or firm in the business of buying and selling securities for its own account or on behalf of its customers. The term broker-dealer is used in U.S. securities regulation parlance to describe stock brokerages because most of them act as both agents and principals. A
