Commission

Commission, in financial markets, is the fee charged by brokers or agents for executing buy or sell orders for stocks, bonds, or other financial products. 📈

Commissions can be a flat fee or a percentage of the transaction value. It's how some brokers make money for providing their services to investors.

For example, if you want to buy 100 shares of a company and your broker charges a $5 commission, you'll pay $5 on top of the cost of the shares you're purchasing. 💸

Fun fact: With the rise of online discount brokers and commission-free trading apps, 📱 traditional brokers have had to adapt their business models to remain competitive. Some have even eliminated commissions on certain trades to keep up with the trend!