Commission

The fee paid to a broker to execute a trade, based on number of shares, bonds, options, 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. The New York Times Financial Glossary

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I. commission com‧mis‧sion 1 [kəˈmɪʆn] noun
1. [countable, uncountable] FINANCE COMMERCE an amount of money paid to someone according to the value of goods, shares, bonds etc they have sold:

• He didn't charge a commission on trades, as other brokers do.

• All of the sales staff are on commission.

— see also error of commission
2. [countable] a request for a writer, musician, or artist to produce a piece of work for which they are paid:

• a commission from the company for a new sculpture

3. [countable] LAW ORGANIZATIONS an official organization that ensures that the law is obeyed in a particular activity:

• the New Jersey Casino Control Commission

• the Equal Employment Opportunity Commission

4. [countable] ORGANIZATIONS a temporary official organization looking at problems in a particular area and suggesting changes:

• A state senate commission was created last year to study tax reform.

— see also Federal Communications Commission
  [m0] II. commission commission 2 verb [transitive]
to formally ask someone to produce a report, work of art etc:

• One of the new team's first acts was to commission a report on Fox's operations.

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Ⅰ.
commission UK US /kəˈmɪʃən/ noun
[C or U] COMMERCE a payment to someone who sells homes, products, investments, etc., which is directly related to the amount they sell, or the practice of receiving these payments: make/pay/receive a commission »

The airline agreed to pay travel agents a 3% commission.

»

His monthly salary, which is based on commissions, has dropped from about $7,000 to $1,000.

be on commission »

People often work harder when they're on commission.

[C] (also Commission) GOVERNMENT a group of people who have been officially chosen to examine a problem and advise on the best action to take: appoint/create/establish/set up a commission »

Congress appointed a commission to investigate the causes of the financial crisis.

[C] (also Commission) GOVERNMENT an official organization whose job is to manage a particular activity, suggest laws relating to the activity, and make certain that laws are obeyed: communications/energy/planning, etc. commission »

The Energy Commission announced rules that bar municipal utilities from signing new contracts with coal-fired power plants.

COMMERCE a request to do a particular piece of work for someone: accept/get/receive a commission »

When he was 19, he got a commission to write an orchestra piece.

Ⅱ.
commission UK US }} /kəˈmɪʃən/ verb [T]
to ask someone do a particular piece of work for you: »

The newspaper commissioned a series of articles on the fashion industry.

out of commission — Cf. out of commission

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • commission — [ kɔmisjɔ̃ ] n. f. • XIIIe; mot du Nord; lat. commissio, de committere → commettre I ♦ Didact. Charge, mandat. ⇒ attribution, délégation, mission. Donner une commission à qqn. Charger qqn d une commission. Exécuter, remplir une commission. 1 ♦… …   Encyclopédie Universelle

  • commission — COMMISSION. s. f. Fait, action, chose commise. En ce sens il n est guère d usage qu en cette phrase, Péché de commission. On l oppose à péché d omission. f♛/b] Il signifie aussi, Charge qu on donne à quelqu un de faire quelque chose. Commission… …   Dictionnaire de l'Académie Française 1798

  • commission — Commission. s. f. v. Fait, action, chose commise. En ce sens il n a guere d usage qu en cette phrase, Peché de commission, qui s oppose à peché d obmission. Il signifie aussi, Charge qu on donne à quelqu un de faire quelque chose. Commission… …   Dictionnaire de l'Académie française

  • Commission — Com*mis sion, n. [F., fr. L. commissio. See {Commit}.] 1. The act of committing, doing, or performing; the act of perpetrating. [1913 Webster] Every commission of sin introduces into the soul a certain degree of hardness. South. [1913 Webster] 2 …   The Collaborative International Dictionary of English

  • commission — com·mis·sion n 1: a formal written authorization to perform various acts and duties a notary s commission 2 a: authority to act for, in behalf of, or in place of another b: a task or matter entrusted to one as the agent for another 3 a: a group… …   Law dictionary

  • commission — Commission, Curatio, Delegatio, Mandatum, Epistalma. Commissions de la Cour, Mandata Curiae. Une commission en forme, Authoritas mandati subsignata. La commission de faire les enquestes des parties, Inquirendi prouincia. Bailler commission de… …   Thresor de la langue françoyse

  • Commission — may refer to: Commission (remuneration), a form of payment to an agent for services rendered Commission (document), a document given to commissioned officers. Commissioning, a process or service provided to validate the completeness and accuracy… …   Wikipedia

  • Commission — Com*mis sion, v. t. [imp. & p. p. {Commissioned}; p. pr & vb. n. {Commissioning}.] 1. 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.… …   The Collaborative International Dictionary of English

  • commission — [kə mish′ən] n. [ME & OFr < ML commissio, delegation of business (in L, a bringing together in a contest) < L commissus, pp. of committere: see COMMIT] 1. a) an authorization to perform certain duties or tasks, or to take on certain powers… …   English World dictionary

  • Commission I — is a body in the Indonesian legislature, the People s Representative Council. It has similar functions to both the Foreign Relations Committee and the Armed Services Committee in the United States Senate.The MPs in delegation of Commission I s… …   Wikipedia

  • commission — [n1] task, duty agency, appointment, authority, brevet, certificate, charge, consignment, delegation, deputation, diploma, embassy, employment, errand, function, instruction, legation, mandate, mission, obligation, office, permit, power of… …   New thesaurus

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