Glossary
Brokerage Clerk Terms & Vocabulary
15 essential brokerage clerk terms with plain-English definitions: the vocabulary you’ll hear in training and on day one.
Key brokerage clerk vocabulary
These 15 terms come up constantly in brokerage clerk training, on the job and in interviews. Knowing them helps you follow instructions, document accurately and sound prepared.
- ACATS
- Account transfer system.
- Back office
- Operations support.
- Break
- Mismatch between records.
- Confirmation
- Trade details sent to the client.
- Corporate action
- Event like a split or merger.
- Cusip
- Security ID number.
- Custodian
- Firm holding assets.
- Dividend
- Company payout to shareholders.
- DTC
- Depository Trust Company.
- FINRA
- Industry regulator.
- Margin
- Borrowing to invest.
- Reconciliation
- Matching records.
- Settlement
- Completing a trade.
- T+1
- Settlement one day after trade.
- Trade
- Buy or sell order.
Practice these terms
Test yourself with the free Brokerage Clerk practice test: it includes vocabulary questions built from this list. For a complete course, see Brokerage Clerk training.
Browse terms from every career in our career glossary.