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.

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.

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.

A Law Dictionary, Adapted to the Constitution and Laws of the United States. By John Bouvier. Published 1856.
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.
“webKPI's award winning knowledge in applying Key Performance Indicators to business intelligence dashboards is an important addition to the CellarStone SaaS sales commission solution suite.”
Easy-Commission is a cloud-based SaaS application that can calculate sales commission plans, splits, overrides, draws, etc.
Teams can also choose to see rankings of salespeople by percentage of sales commission against quotas.
A jury's award of unpaid future sales commissions could not be trebled under the Massachusetts Wage Act, a Superior Court judge in the Business Litigation Session has ruled.<br />In an opinion disposing of post-trial motions, Judge Kenneth W.
Chicago, IL, March 26, 2016 --(PR.com)-- RE/MAX recently honored two of its brokers for earning the largest residential sales commissions of 2015 in its northern Illinois real estate network.
The group also reported that in the four month period to the end of February, the group's bookings, including Stewart, are down 2% and sales commissions are down 1% relative to the comparable period in the previous year.
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.