Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Your broker makes sales happen by pairing sellers and buyers of securities. He or she doesn't do it for fun; brokers pay for designer clothes, fancy cars, and liquid lunches. One way they pay for all this is by getting fees, commissions, and other types of payments whenever a transaction is made. In other words, you pay for your broker's fancy shmancy life.