- The definition of a commission is an order or direction.
An example of commission is the requirement that a certain group of soldiers head to a specific location to perform specific tasks.
- Commission means to send on a mission or make an order.
An example of commission to require government workers to follow specific guidelines.
commission definition by Webster's New World
- an authorization to perform certain duties or tasks, or to take on certain powers
- a document giving such authorization
- authority to act in behalf of another
- that which a person is authorized to do for another
- the state of being authorized to perform certain duties or tasks
- an entrusting, as of power and authority, to a person or body
- the act of committing or doing; perpetration, as of a crime
- a group of people officially appointed to perform specified duties
- an administrative agency of the government with quasi-judicial and quasi-legislative powers
- a type of municipal governing body
- a fee or a percentage of the proceeds paid to a salesperson, broker, etc., either in addition to, or in lieu of, wages or salary
- an official certificate conferring rank; specif., a document issued by the government, making one a commissioned officer in the U.S. armed forces
- the rank or authority conferred
Origin: Middle English and amp; Old French ; from Midieval Latin commissio, delegation of business (in Classical Latin a bringing together in a contest) ; from Classical Latin commissus, past participle of committere: see commit
- to give a commission to
- to give power or authority to; authorize
- to give an order for (a thing to be made or done)
- to put (a vessel) into service
commission definition by American Heritage Dictionary
- a. The act of granting certain powers or the authority to carry out a particular task or duty.b. The authority so granted.c. The matter or task so authorized: Investigation of fraud was their commission.d. A document conferring such authorization.
- a. A group of people officially authorized to perform certain duties or functions: The Federal Trade Commission investigates false advertising.b. often Commission A ruling council within the Mafia that adjudicates family disputes and regulates family activities.
- The act of committing or perpetrating: the commission of a crime.
- A fee or percentage allowed to a sales representative or an agent for services rendered.
- a. An official document issued by a government, conferring on the recipient the rank of a commissioned officer in the armed forces.b. The rank and powers so conferred.
- To grant a commission to. See Synonyms at authorize.
- To place an order for: commissioned a new symphony for the festival.
- To put (a ship) into active service.
Origin: Middle English commissioun, from Latin commissiō, commissiōn-, from commissus, past participle of committere, to entrust; see commit.
- com·misˈsion·a·ble adjective
- com·misˈsion·al adjective
commission - Business Definition
- The fee levied by an agent for services provided on behalf of a customer. For example, an investor will pay a commission to a broker in order to buy or sell shares of stock. Commissions can be a fixed amount or a percentage of the value of a transaction. See also contingent commission, factorage.
- An appointed or elected group that has been granted authority to consider certain issues or make certain decisions. For example, a state public service commission may have the authority to set electric rates for businesses and residential consumers.
commission - Cultural Definition
A fee paid to a broker or other financial agent for negotiating a sale. The fee is based on a percentage of the sale price.
commission - Investment & Finance Definition
To what degree are brokerage commissions or other fees negotiable?
The ability to negotiate fees and commissions varies from firm to firm. Some firms are very flexible and give the individual advisors and brokers the ability to negotiate fees to some extent. Some firms offer a discount service via the Internet as well as a full service account. The degree of personal service and advice the investor requires will influence the amount of the discount.
George Riles, First Vice President and Resident Manager, Merrill Lynch, Albany, GA
commission - Legal Definition
- A formal written document from a government or court empowering the individual named therein to hold an appointive office or to perform official duties. In the case of an appointive office, the individual must receive the commission before she can act in their official capacity.
- See administrative agency.
- A group of individuals appointed by a governmental authority to perform some public service on an ad hoc basis.
- The act of committing or perpetrating a crime.
- Compensation paid to an agent, employee, executor, or trustee based on a percentage of the money collected or to be collected in a transaction or a percentage of the value of the property involved. See also kickback and royalty.
commission - Phrases/Idioms
- entrusted to commissioners
- in use
- in fit condition for use
out of commission
- not in use
- not in fit condition for use
- In active service. Used of a ship.
- In use or in usable condition.
out of commission
- Not in active service. Used of a ship.
- Not in use or working condition.