Thousands of investors have told us they are confused by the investment jargon that is used by financial advisors. We also know some terms, that investors don't understand, are used by advisors as sales ploys. They establish themselves as experts when they define a term you may not understand.
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Definition of 'Commission'
Compensation that is paid to licensed representatives when they sell financial products: stocks, mutual funds, variable annuities, etc. The compensation is usually paid within 30 days of the sale. Commissions are paid by companies that manufacture investment and insurance products, and by broker/dealers for securities transactions.