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 ?
"In certain of our properties, such as 10 Downing in the West Village, we are no longer offering any incentives to rent an apartment, while at other locations we may offer concessions for one month of free rent, as well as payment of brokerage fees."
Among the other sources of revenues, brokerage fees were up 14.3% during the year to reach AED20.1mn in 2007, from AED17.6mn in 2006.
* The Situation: The banking sector's income from insurance brokerage fees continues to grow.
The residential real estate brokerage industry has competitive attributes, but its competition appears to be based more on nonprice factors, such as reputation or level of service, than on brokerage fees, according to a review of the academic literature and interviews with industry analysts and participants.
"Brokerage fees declined because of lower fixed annuity sales, loss of key clients due to acquisitions and turnover of financial advisors due to the difficult market in 2005," said the company.
Since the full liberalization of brokerage fees in October last year, more than 50 firms have entered the online brokerage market, making competition online extremely fierce.
Sales referrals will be offered free of charge--in direct competition with the online services that typically collect brokerage fees from either the dealer or customer.
This means no brokerage fees. Investors can purchase stock directly from more than 1,500 companies, including many of America's largest corporations.
Nakayama, police alleged, received some 10 million yen from the owner of the factory in 10 months as brokerage fees for dispatching the workers.
Brokers, therefore, lack market power in the sense that they are full price takers.(1) My paper shows that, when these features are combined with free entry into the brokerage market and the plausible assumption that sellers of expensive houses value their time more highly than sellers of inexpensive houses, the result is a model with equilibria in which higher brokerage fees are charged on more expensive houses.
The IRS ruled brokerage fees a corporation paid to repurchase shares of its own capital stock were not deductible as ordinary and necessary business expenses.
The brokerage fees for institutions buying one contract is about $30, compared to about $300 (or several times that amount at retail prices) for the several transactions needed to purchasse an equivalent amount of stock.