factorage

[ fak-ter-ij ]
/ ˈfæk tər ɪdʒ /

noun

the action or business of a factor.
the allowance or commission paid to a factor.

Origin of factorage

First recorded in 1605–15; factor + -age

Example sentences from the Web for factorage

  • The factorage system appears to have been introduced in Virginia around 1625, and was actually a part of the consignment system.

  • The Revolution cut the connection between England and the Virginia planters, but the factorage system was not destroyed.

British Dictionary definitions for factorage

factorage
/ (ˈfæktərɪdʒ) /

noun

the commission payable to a factor