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
What Is a Brokered Certificate of Deposit (CD)? A brokered certificate of deposit (CD) is a CD that an investor purchases through a brokerage firm or from a sales representative other than a bank. Although the bank still initiates the CD, it outsources selling it to firms offering incentives to attract new investors. The broker
What Is a Brokered Deposit? A brokered deposit is a deposit made to a bank by a third-party deposit broker. A brokered deposit is a type of investment that attracts individual investors because the deposits typically offer higher interest rates. The brokered deposits are usually large-denomination and are often sold by a bank to a
What Is a Break Fee? A break fee is a fee paid to a party as compensation for a broken deal or contract failure. Two common situations where a break fee, also referred to as a breakup or termination fee, could apply is if a mergers and acquisitions (M&A) deal proposal is terminated for pre-specified
DEFINITION of Breaking The Syndicate The term “breaking the syndicate” or “breaking syndicate” refers to the dissolution of a group of investment bankers that created a syndicate to underwrite — or price, market and sell — the issue of a particular security. Prior to termination of the agreement, the underwriters must sell the securities at
