Business and Personal Finance Dictionary

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• ONLINE BROKERAGE FIRM
  
  To buy and sell securities over the Internet, you can set up an account with an online brokerage firm. The firm executes your orders and confirms them electronically, though you may have to mail the firm a check to settle your transaction. Some online firms are divisions of traditional brokerage firms, while others operate exclusively in cyberspace. Most of them charge much smaller commissions than conventional firms, and most provide extensive investment information, including regularly updated market news, on their websites.
  
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