Brokerage
Māori translation:
Definition
A brokerage is a financial firm, or middle agent, that buys and sells shares in companies, foreign money, and other assets for their customers. They're sometimes referred to as a 'broker'. They charge fees for their services. Charles Schwab, Vanguard, JP Morgan, Fidelity Investments and E*TRADE are all brokerages.
We acknowledge and thank the FMA, Dr Karena Kelly and Brook Taurua Grant, the RBNZ and the Māori Dictionary for their research which helped us with te Reo Māori kupu for this glossary.
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