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 ?
Mr Taylor said: "People must be aware that they do not have to pay broker fees.
The broker fee scandal is the latest in a line of major insurance market conduct abuses NOT discovered by state insurance regulators.
As for Susan Stroman, the show's director and choreographer, her union's exec director, Barbara Hauptman, says the broker fee is a commission, "such as a theater-party commission," which is allowed as a deduction under the Society of Stage Directors & Choreographers' contract with the League of American Theaters and Producers.
The speakers also touched upon the broker's perspective, provided an indepth look at how risk managers can determine broker fees, and furnished some general advice on the risk manager/broker relationship.
The hefty broker fees are supposedly justified because the agent should be acting as a fiduciary for his client.
All proposals must include a detailed listing of any and all cost/charges for all administrative fees and/or broker fees and any other charges.
Increasing Brokers Fees: New York City maintains some of the nation's highest real estate broker fees, corresponding to the price of real estate within the metro area.
6) In the settlement between DOJ and AIG, the United States DOJ contended "that Defendants engaged in a pattern or practice of discrimination on the basis of race or color by allowing wholesale mortgage brokers to charge higher direct broker fees to African-American borrowers than to white borrowers for loans originated and funded by AIG FSB and/or WFL.
Specifically, MRB claimed the lender ignored blemished credit and payment histories, approved loans with debt-to-income ratios that exceeded the Department of Housing and Urban Development's (HUD's) requirements and allowed borrowers to be charged improper broker fees, according to a press release.
By using a private-placement approach, the state was able to avoid the significant broker fees that would otherwise accompany a public offering," she said.
You should also be wary of lender or broker fees, says Gardner: "Some of the headline interest rates may not include fees which would normally not apply on an unsecured loan.
A Valuation fees, arrangement fees, broker fees, solicitor's fee's, stamp duty, mortgage indemnity premium & property management costs.