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 ?
In response to ASIC's concerns, Fast Easy has agreed to refund all affected consumers in Queensland, New South Wales and the Australian Capital Territory any amounts paid in brokerage fees above the state-based interest rate caps of 48% by November 2014.
led the pack with $1.38 billion in year-to-date insurance brokerage fee income through the third quarter, up 5.34 percent from the first nine months of 2008.
Year-to-date national mean insurance brokerage fee income rose 2.5% from $9.8 million to $10.1 million.
Bank insurance brokerage fee income consists of commissions and fees earned by a bank or its subsidiaries from insurance product sales and referrals of credit, life, health, property, casualty and title insurance as well as annuities not sold by securities brokerage firms.
Hence ([Mathematical Expression Omitted], [Mathematical Expression Omitted]) gives the brokerage fee and listing pool size of a free-entry equilibrium in the market for brokerage services for low-time-value sellers.
The "Insurance Fee Income Report" by Michael White Associates says insurance brokerage fee income dropped fell to $6 billion for the year.
If the deal is not stable or does not fall under one of the four main property types, then Eastern Union will broker the deal with its normal brokerage fee.
Omaha, NE, October 12, 2012 --(PR.com)-- Community bank investment programs continued to perform well in first half 2012 with double digit growth in securities brokerage fee income and near double-digit growth in annuity commissions, according to the Michael White-Securities America Report: Community Bank Investment Programs[TM].
One sheet of HTC stock, bearing 1,000 shares, now costs NT$1.222 million and will require NT$7,332 of trading cost, including securities transaction tax and brokerage fee of securities firms.
It is illegal to pay a brokerage fee to an unlicensed broker.
Another study, by Michael White Associates, Radnor, Pa., found bank insurance brokerage fee income up 10% year-to-date through Sept.
Of the top-10 bank insurance brokerage fee holding companies, only Wells Fargo & Co.