Definition of Commission

Babylon English
commission
n. percentage of profits earned by a salesperson, fee paid to an agent; committee, group of people appointed or delegated to investigate or consider some matter; document that grants certain powers; authorization; perpetration, act of committing an illegal act
v. contract, order; confer rank or authority, empower, authorize

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Commission definition was found in categories: Business & Finance(8)  Government(1)  Language, Idioms & Slang(6)  Law(2)  Society & Culture(1)  Sports(1)  Arts & Humanities(1)  Entertainment & Music(1)  Encyclopedia(1)  

Commission Definition from Business & Finance Dictionaries & Glossaries

Campbell R. Harvey's Hypertextual Finance Glossary
Commission
The fee paid to a broker to execute a trade, based on number of sharesbondsoptions, and/or their dollar value. In 1975, deregulation led to the creation of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a full staff of analysts who follow specific industries. Discount brokers simply execute a client's order -- and usually do not offer an opinion on a stock. Also known as a round-turn.

MONASH Marketing Dictionary
Commission
a payment made to a salesperson based on a percentage of the value of the goods sold.

BASSAM Trade, Real Estate, Mortgage, Fund,Invest, Insurance,& Tax,Terms/abbreviations/defin.
COMMISSION
Payment to a broker for services rendered, such as in the sale or purchase of real property; usually a percentage of the selling price of the property.
Fee charged by broker to execute your trade. May be a composite of several fees & charges. Commission is taken into account when calculating realized gain or loss. The buy, or opening commission, is added to the cost basis and the sell, or closing commission, is deducted from the proceeds before calculating realized gain or loss, therefore commissions reduce taxable gains and increase losses. Total commission is the sum of both buy and sell commission. Commission rates take into account the quantity of the purchase, the unit price of the security (low priced stocks may have higher commission rates), and the type of investment (options have higher commissions).

Options Trading Glossary
Commission
One of the costs of trading is commission, which are fees you must pay your brokerage firm when you actively enter or exit a position. Commissions vary among brokerage firms, so you should search for a firm with reasonable commission rates.

Raynet Business & Marketing Glossary
Commission
money paid to a salesperson on sales made; as opposed to a salary.

Debt Busters
Commission
Money paid to a real estate agent or broker by the seller as compensation for finding a buyer and completing the sale. Usually it is a percentage of the sale price--6 to 7 percent on houses, 10 percent on land.

A Guide to Futures and Options Market Terminology : English-English
Commission
The fee which clearing-houses charge their clients to buy and sell futures and futures options contracts. The fee that brokers charge their clients is also called a commission.

Sean_Woo's Finance,GIS & Real Estate Glossary
commission
an amount of money earned by a real estate broker for his services.
eg: Broker Sean sells a S$500,000 house for a client, then the client should pay Sean S$30,000 commission at a 6% commission rate.


Commission Definition from Government Dictionaries & Glossaries

DOD Dictionary of Military Terms
commission
1. To put in or make ready for service or use, as to commission an aircraft or a ship. 2. A written order giving a person rank and authority as an officer in the armed forces. 3. The rank and the authority given by such an order. See also constitute.
  


Commission Definition from Language, Idioms & Slang Dictionaries & Glossaries

Webster's Revised Unabridged Dictionary (1913)
Commission
(v. t.)
To send out with a charge or commission.
  
(v. t.)
To give a commission to; to furnish with a commission; to empower or authorize; as, to commission persons to perform certain acts; to commission an officer.
  
(n.)
The thing to be done as agent for another; as, I have three commissions for the city.
  
(n.)
The duty or employment intrusted to any person or persons; a trust; a charge.
  
(n.)
The brokerage or allowance made to a factor or agent for transacting business for another; as, a commission of ten per cent on sales. See Del credere.
  
(n.)
The acting under authority of, or on account of, another.
  
(n.)
The act of intrusting; a charge; instructions as to how a trust shall be executed.
  
(n.)
The act of committing, doing, or performing; the act of perpetrating.
  
(n.)
A formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties.
  
(n.)
A company of persons joined in the performance of some duty or the execution of some trust; as, the interstate commerce commission.
  
(n.)
A certificate conferring military or naval rank and authority; as, a colonel's commission.
  

WordNet 2.0
commission

Noun
1. a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle
(synonym) committee
(hypernym) administrative unit, administrative body
(hyponym) Economic and Social Council commission, ECOSOC commission
(member-meronym) commissioner
2. a fee for services rendered based on a percentage of an amount received or collected or agreed to be paid (as distinguished from a salary); "he works on commission"
(hypernym) fee
3. the act of granting authority to undertake certain functions
(synonym) commissioning
(hypernym) authorization, authorisation, empowerment
(hyponym) mandate
4. the state of being in good working order and ready for operation; "put the ships into commission"; "the motor was out of commission"
(hypernym) operation
5. a group of representatives or delegates
(synonym) deputation, delegation, delegacy, mission
(hypernym) organization, organisation
(hyponym) diplomatic mission
6. a formal statement of a command or injunction to do something; "the judge's charge to the jury"
(synonym) charge, direction
(hypernym) command, bid, bidding, dictation
(hyponym) misdirection
7. an official document issued by a government and conferring on the recipient the rank of an officer in the armed forces
(synonym) military commission
(hypernym) certificate, certification, credential, credentials
(classification) military, armed forces, armed services, military machine, war machine
8. the act of committing a crime
(synonym) perpetration, committal
(hypernym) crime, law-breaking
(derivation) perpetrate, commit, pull
9. a special assignment that is given to a person or group; "a confidential mission to London"; "his charge was deliver a message"
(synonym) mission, charge
(hypernym) assignment, duty assignment
(hyponym) fool's errand

Verb
1. put into commission; equip for service; of ships
(hypernym) equip, fit, fit out, outfit
2. place an order for
(hypernym) order
(derivation) charge, direction
3. charge with a task
(hypernym) authorize, authorise, pass, clear
(derivation) mission, charge

hEnglish - advanced version
commission

commission
\com*mis"sion\ (?), n. [f., fr. l. commissio. see commit.]
1. the act of committing, doing, or performing; the act of perpetrating. every commission of sin introduces into the soul a certain degree of hardness.
2. the act of intrusting; a charge; instructions as to how a trust shall be executed.
3. the duty or employment intrusted to any person or persons; a trust; a charge.
4. a formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties. let him see our commission.
5. a certificate conferring military or naval rank and authority; as, a colonel's commission.
6. a company of persons joined in the performance of some duty or the execution of some trust; as, the interstate commerce commission. a commission was at once appointed to examine into the matter.
7. (com.) (a) the acting under authority of, or on account of, another. (b) the thing to be done as agent for another; as, i have three commissions for the city. (c) the brokerage or allowance made to a factor or agent for transacting business for another; as, a commission of ten per cent on sales. see del credere.
commission
of array. (eng. hist.) see under array.
commission
of bankruptcy, a commission appointing and empowering certain persons to examine into the facts relative to an alleged bankruptcy, and to secure the bankrupt's lands and effects for the creditors.
commission
of lunacy, a commission authorizing an inquiry whether a person is a lunatic or not.
commission
merchant, one who buys or sells goods on commission, as the agent of others, receiving a rate per cent as his compensation.


  similar words(24) 




 into commission 
 commission of bankruptcy 
 commission of lunacy 
 to put a vessel out of commission 
 zoning commission 
 to put a vessel into commission 
 commission of the peace 
 commission of array 
 civil service commission 
 the united states christian commission 
 sanitary commission 
 high commission court 
 international electrotechnical commission 
 jail delivery commission 
 the united states sanitary commission 
 commission merchant 
 christian commission 
 out of commission 
 commission of general gaol delivery 
 commission of review 
 in commission 
 military commission 
 interstate commerce commission 
 commission of rebellion 

for Vocabulary Exams of KPDS, YDS,UDS (in Turkey); and SAT in America
commission
To empower.

English Phonetics

JM Welsh <=> English Dictionary
Negesiaeth
Negesiaeth = n. a commission



The 'Lectric Law Library
Commission
Compensation paid to a salesperson (an employee or independent contractor) with the amount calculated as a percentage of the salesperson's sales volume. Commission is compensation paid to you with the amount calculated as a percentage of your sales. (2) Broker's fee for buying or selling securities.

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. 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.

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.

By commission is also understood an act performed, opposed to omission, which is the want of performance of such an act; as 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.

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.

Crim. Law. The act of perpetrating an offence. There are crimes of commission and crimes of omission.

Government. Letters-patent granted by the government under the public seal to a person appointed to an office giving him authority to perform the duties of his office. The commission is not the appointment, but only evidence of it; and as soon as it is signed and sealed vests the office in the appointee.

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.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Duhaime.org Legal Dictionary
Commission
A formal group of experts brought together on a regular or ad hoc basis to debate matters within that sphere of expertise, and with regulatory or quasi-judicial powers such as the ability to license activity in the sphere of activity or to subpoena witnesses - (read more on Commission)
  


Commission Definition from Society & Culture Dictionaries & Glossaries

Environmental Engineering (English ver.)
COMMISSION
A group of persons choosen to do or oversee certain work.


Commission Definition from Sports Dictionaries & Glossaries

maritime&shipping&trade
COMMISSION
See "Brokerage"


Commission Definition from Arts & Humanities Dictionaries & Glossaries

English-Latin Online Dictionary
commission
mandatum


Commission Definition from Entertainment & Music Dictionaries & Glossaries

English to Federation-Standard Golic Vulcan
Commission
kadvin, kadvin-tor


Commission Definition from Encyclopedia Dictionaries & Glossaries

Wikipedia English - The Free Encyclopedia
Commission
Commission may refer to:

See more at Wikipedia.org...