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gross per broker

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Financial Dictionary

gross per broker

The number of commissions produced by a broker during a given period. The productivity of a registered representative and a brokerage office is often measured by the gross commissions per broker. Registered representatives are generally allowed to keep about one third of their gross commissions.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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