Commission house

Definition:

A firm that buys and sells futures contracts for customer accounts. Related: futures commission merchant, omnibus account.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Year-end dividend

A special dividend declared at the end of a fiscal year that usually represents distribution of higher-than-expected company profits.

Subscribe to the Term of the Day via email Get the Term of the Day in your inbox!


Create your free portfolio