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, 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 ?
(1) Broker fees are fees paid by the borrower and yield spread premiums arc money paid by the lender to the broker for delivery of the loans.
It was a breach of fiduciary duty, conflict of interest, unsafe and unsound practice, and violation of law, for Respondent to divert portions of customer loan proceeds on 13 home equity loans without the customers' knowledge, consent, or approval; falsify internal loan documents in order to hide from the Bank the fact that he was charging customers broker fees that exceeded the Bank's broker fee cap; and give customers misleading HUD-1 Settlement Statements that masked the broker fees charged.
* Some think that the much publicized investigations into broker fees and contingency commissions have become very distracting for the industry.
Mr Taylor said: "People must be aware that they do not have to pay broker fees. Beware of brokers that are not upfront about their fees from the outset - some are charging over the odds.
Program: Ticket sales (with charitable pledge); Organization: Building Contractors Association of Southwest Idaho, Boise, Idaho; Cost: $2,500 (printing and ticket broker fees)
When asked how he would respond to a congressman who posed the question of whether the investigation into broker fees' was an argument for federal regulation, Serio says state regulators and the attorney general's office "were the ones who rooted this out.
You can offset purchasing cost, like solicitors fees, mortgage lender and broker fees.
These include overhead costs of designated personnel, travel expenditures, freight, inventory storage, and associated fees and expenses (bond, broker fees, etc.).
The four general partners of "The Producers" look to take in $32,000 a week on broker fees for the 50 tickets that will be offered for each performance.
Taiwan and the Philippines agreed Friday to allow Taiwan employers to directly hire Philippine workers in a bid to cut out exorbitant broker fees and speed up the employment process, government officials said.
To avoid paying broker fees, you can buy high-quality equities through direct stock purchase plans (DSPs) or dividend reinvestment plans (DRIPs), in which you buy stocks directly from a public company.
That is in addition to bargain-basement broker fees.