A bank charge refers to the amount charged to a customer by a bank for specific transactions, such as depositing a cheque or making a withdrawal from an automated teller machine (ATM). While personal account holders may frequently enjoy periods of commission-free banking, business customers usually incur various tariffs.
Commission paid by the seller in a transaction to the broker who arranged the sale, based upon some percentage of the selling price. A brokerage allowance usually refers only to transactions in which the broker does not take possession of the goods sold.
