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Finance Dictionary and Glossary of Investment Terms
The value of research services that brokerage houses supply to investment managers "free of charge" in exchange for the investment manager's business commissions.
Payments to a full-service brokerage for its services in terms of commission revenue, rather than actual cash payments. opposite of hard dollars.
Payment for brokerage services, such as research, through commissions or directed underwriting rather than fees.
A means of paying brokerage firms for their services through commission revenue, as opposed to normal payments.