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 Connecticut, the award for Highest Gross Sales Commissions was presented to Mary Higgins of the Halstead New Canaan office.
In agreement with CM Global Partners, clients will be introduced to the value of CellarStone's premier flexible sales commission software QCommission.
Sales commission programs are possibly the most variable programs conducted by a firm.
Excel spreadsheets are still the most widely used tool for managing sales commissions, however, they are error-prone and difficult to monitor and audit.
As officers of With Design, Zuloff and Benjamin had funneled unearned sales commissions from 1988 to 1992 to a dummy company they set up, called DKJ Sales Inc.
QCommission is a flexible and powerful software designed to automate the most complex sales commission processes.
TSC will act as an official sales agent for Aqua Society's Thermomobile, Aquamission and Thermomission products and will receive a sales commission equal to 7% of the total value of each completed sales transaction.
1% mainly due to a challenging competitive environment in the wireless business that resulted in increased advertising, handset subsidies, and sales commission costs.
Accurately and quickly calculating, communicating and paying sales commissions is important for lenders who want to keep good loan officers focused on selling," said Rob Katz, DMD's president.
Sales reps frequently fail to disclose high surrender charges and steep sales commissions.
Regulators are concerned that investors aren't being told about high surrender charges and the steep sales commissions agents often earn when they move investors into variable annuities," the association's report said.
Make sure the advisor's compensation isn't driven by sales commissions on trades or insurance products because he or she may try to sell you products you don't need.