Brakeage, noun:
1. The act, process, or result of braking; the action of stopping or slowing down the speed or motion of an object or vehicle using brakes.
2. The amount of friction, pressure, or force applied to the braking system in order to bring a moving object or vehicle to a stop or to reduce its speed.
3. A fee or charge imposed by a transportation or shipping company for the handling and storage of goods during the braking or stoppage period.
4. In the context of financial markets, specifically within commodities trading, brakeage refers to the commission or fee charged by a broker or exchange for executing a trade on behalf of a client, especially for the purchase or sale of physical goods, such as oil, gold, or other commodities.
5. The maintenance or repair required for the braking system of a vehicle, including the replacement or adjustment of brake pads, rotors, and calipers.
Overall, brakeage refers to the action, process, or result of braking, including the application of pressure or friction to slow down or stop an object or vehicle. It can also pertain to the fees charged for handling and storing goods during braking, the commission for trading commodities, or the maintenance and repair of the braking system in vehicles.
