commission

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commission

n. 1) a fee paid based on a percentage of the sale made by an employee or agent, as distinguished from regular payments of wages or salary. 2) a group appointed pursuant to law to conduct certain government business, especially regulation. These include from the local planning or zoning commission to the Securities and Exchange Commission or the Federal Trade Commission.

commission

(Act), noun accomplishment, actualization, actuation, attainment, carrying out, completion, consummation, discharge, dispatch, doing, effecting, effectuation, enactment, enforcement, execution, exercise, exercising, fruition, fulfilment, implementation, inflicting, infliction, making, mandatum, operation, realization, transaction
Associated concepts: commission of crime

commission

(Agency), noun advisory group, appointed group, board, board of inquiry, body of commissioners, body of delegates, body of deputies, bureau, cabinet, consultants, convocation, council, delegation, deliberative group, embassy, executive committee, investigating committee, planning board, representatives, standing committee, trustees
Associated concepts: advisory body, Federal Trade Commission, Municipal Commission, Public Service Commission

commission

(Fee), noun allotment, allowance, bonus, compensation, consideration, defrayment, dividend, earnings, emolument, extra commensation, increment, interest, pay, pay-off, payment, percentage, percentage compensation, portion, proceeds, profit, recompense, reimbursement, remuneration, return, reward, salary, share of profits, stipend, wage
Associated concepts: broker's commission, commission merchant, compensation, fees, finder's commission, profits
See also: act, agency, allow, appoint, assign, assignment, authorize, bestow, board, brokerage, bureau, charge, command, commit, committee, constitute, delegate, delegation, deputation, designate, designation, detail, dictate, direction, discharge, duty, earnings, embassy, employ, employment, empower, engage, entrust, establish, hire, induct, infliction, instruction, interest, invest, let, mission, nominate, obligation, performance, permit, post, retain, share, task, transaction, undertaking, vest, warrant

COMMISSION, contracts, civ. law. When one undertakes, without reward, to do something for another in respect to a thing bailed. This term is frequently used synonymously with mandate. (q.v.) Ruth. Inst. 105; Halifax, Analysis of the Civil Law, 70. If the service the party undertakes to perform for another is the custody of his goods, this particular sort of, commission is called a charge.
     2. In a commission, the obligation on his part who undertakes it, is to transact the business without wages, or any other reward, and to use the same care and diligence in it, as if it were his own.
     3. By commission is also understood an act performed, opposed to omission, which is the want of performance of such an act; is, when a nuisance is created by an act of commission, it may be abated without notice; but when it arises from omission, notice to remove it must be given before it is abated. 1 Chit. Pr. 711. Vide Abatement of Nuisances; Branches; Trees.

COMMISSION, office. Persons authorized to act in a certain matter; as, such a matter was submitted, to the commission; there were several meetings before the commission. 4 B. & Cr. 850; 10 E. C. L. R. 459.

COMMISSION, crim. law. The act of perpetrating an offence. There are crimes of commission and crimes of omission.

COMMISSION, practice. An instrument issued by a court of, justice, or other competent tribunal, to authorize a person to take depositions, or do any other act by authority of such court, or tribunal, is called a commission. For a form of a commission to take. depositions, see Gresley, Eq. Ev. 72.

References in periodicals archive ?
Allegations also refer to lenders passing on relatively high broker fees to African Americans and Hispanics, differentially steering some demographic groups to subprime loans, denying loans disproportionately according to race and ethnicity, and engaging in deliberate redlining--the pattern by which financial institutions underserve, if not completely avoid, areas with relatively many minority residents.
The DOJ complaint claimed that AIG violated the Fair Housing Act and the Equal Credit Opportunity Act "by allowing third-party mortgage brokers to charge African-American borrowers higher direct broker fees than similarly situated non-Hispanic white borrowers," according to the article.
In the Broker Fee Statement, HUD cautioned that the IBAA Letter is not dispositive in analyzing more costly mortgage broker transactions where more comprehensive services are provided.
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A combined Broker and Insurer competition for the provision of insurance programmes and costs that include both broker fees and/or commissions and actual insurance premiums.
Not with New York Residence, however: "We are a buyer's eyes and ears in New York and work in the clients' best interest only," says Azar, "and on top of that, we do not charge any broker fees to buyers in new residential projects.
One recurring point during the discussions was commissions and broker fees.
States should allow reasonable broker fees in the placement of surplus lines policies as surplus lines placements often require additional work throughout the policy period.
This includes documentation costs, fees for customs clearance and inspection, customs broker fees, port charges and inland transport costs, among other things.