BNET Business Dictionary
Business Definition for: Commission
- a payment made to an intermediary, often calculated as a percentage of the value of goods or services provided. Commission is most often paid to sales staff, brokers, or agents.
Wiktionary Definition for: Commission
- A sending or mission (to do or accomplish something).
- Ex: ''It was James Bond's '''commission''' to defeat the bad guys.''
- An official charge or authority to do something, often used of military officers.
- Ex:''David received his '''commission''' after graduating from West Point.''
- A body or group of people officially tasked with carrying out a particular function. Eg: The European Commission, The Electoral Commission, The Federal Communications Commission.
- Ex: ''The company's sexual harassment '''commission''' made sure that every employee completed the on-line course.''
- A fee charged by an agent or broker for carrying out a transaction. Eg: Reseller commission, Finder's fee.
- Ex: ''The real-estate broker charged a four percent '''commission''' one last time, before being arrested.''
- ''(transitive)'' To send or officially charge someone or some group to do something.
- Ex: ''James Bond was '''commissioned''' with recovering the secret documents.''
- ''(transitive)'' To place an order for (often piece of art); as, commission a portrait.
- Ex: ''He '''commissioned''' a replica of the Mona Lisa for his living room, but the painter gave up after six months.''
- ''(transitive)'' To put into active service; as, commission a ship.
- Ex: ''The aircraft carrier was '''commissioned''' in 1944, during WWII.''
Additional Resources
- How Conflict Made All the Difference to the Rogers Commission
- Not only did NASA have a 225-page report to look to for recommendations after 1986's Challenger disaster, they could look at the workings of the investigating Rogers Commission, itself. The 14-member commission, set up by the Reagan administration just days after the Challenger disaster, was comprised of...
- Blog posts 2008-01-14
- New Financial Inquiry Commission: Pecora, Part Deux?
- If you're a politician and need to find cover, form a commission. That said, the financial melt-down of the past two years begs a more thorough approach to not only discover what happened, but to help create solutions that can improve regulation while not limiting innovation. On...
- Blog posts 2009-05-15
- European Commission Objects to Sun-Oracle Deal
- By Ritsuko Ando and Diane BartzNEW YORK/WASHINGTON (Reuters) - The European Commission has objected to Oracle Corp's ORCL acquisition of computer maker Sun Microsystems Inc JAVA, throwing the $7 billion deal into question.The commission said in a preliminary assessment that combining Sun's MySQL database product and Oracle's products could hurt...
- News items 2009-11-09
- Live Blogging the Open Commission Meeting
- For more information and a host of resources pertaining to today's meeting click here . 10:03 AMÂ EDT Welcome to the November Open Commission meeting. Today the commissioners will review the state of the National Broadband Plan and consider a draft ruling on the wireless...
- News items 2009-11-21
- Proposed Rule : Strengthening The Commission's Requirements Regarding Auditor Independence
- Article gives an insight look to the Securities and Exchange Commission's proposed rules concerning "Strengthening the Commission's Requirements Regarding Auditor Independence. The Commission proposed rules defining an accountant as not being independent from an audit client if any partner, principal or shareholder of the accounting firm who is a member...
- White papers 2002-12-06
- Paying Up: The Hidden Cost Of Portfolio Management; Commission Recapture: A Way To Get Some Back?
- Paying up is paying a brokerage commission over and above the cost of pure execution in exchange for research or other services from brokers. The part of the commission in excess of the cost of execution can be viewed as an indirect fee beyond the negotiated management fee that investors...
- White papers 2003-01-01
- U.S.-China Commission Cites Troubling Trends for U.S. Economic and National Security Interests; Details Year-Long Studies (2/2)
- WASHINGTON, June 15 /U.S. Newswire/ -- The U.S.-China Economic and Security Review Commission Commission, a bipartisan Commission established by Congress in 2000 to investigate, analyze and provide recommendations to Congress on the economic and nationaWASHINGTON, June 15 /U.S. Newswire/ -- The U.S.-China Economic and Security Review Commission Commission, a bipartisan...
- Research articles 2004-06-15
- FOOD SAFETY: SETTING THE RECORD STRAIGHT ON THE EUROPEAN FOOD AUTHORITY.(European Commission)
- The Commission presented its proposal for a Regulation on General Food law and establishing a European Food Authority EFA on November 8 last year. The Commission adopted an amended proposal on August 8, which reflects the Commission's orientations The Commission presented its proposal for a...
- Research articles 2001-11-16
- The successor to the outgoing Greek head of the European Commission's Directorate-General for Energy (DG XVII) will definitely be a Spaniard, sources close to the Commission have confirmed. A number of names - from
- The successor to the outgoing Greek head of the European Commission's Directorate-General for Energy DG XVII will definitely be a Spaniard, sources close to the Commission have confirmed. A number of names - from inside and outside the Commission - The successor to the outgoing Greek...
- Research articles 1995-04-07
- STATE AID : GREENPEACE: COMMISSION HYPOCRITICAL ON COAL SUBSIDIES.
- Greenpeace accused the European Commission of hypocrisy in phasing out subsidies for the dirty' coal sector. Earlier, on 21 May, the Commission published its report on state aid in the coal sector see other article. The Commission recommended no c Greenpeace accused the European Commission...
- Research articles 2007-06-13
- Mississippi River Commission.
- Mississippi River Commission. Two open positions on the Mississippi River Commission MRC have been filled. The Senate has confirmed the nominations of R.D. James and Rear Admiral Richard Prahl as members of the seven-member commission that advises Mississippi River Commission. Two open positions on the...
- Research articles 2003-04-16
- RUSSIA: EUROPEAN COMMISSION REGARDS FRADKOV'S NOMINATION FOR PM AS POSITIVE MOVE.(Brief Article)
- According to Ria Novosti, the European Commission regards the nomination of Mikhail Fradkov for the position of Prime Minister as an optimistic development, the commission's spokesman Rejo Kempinen has stated: "The Commission links this nominati According to Ria Novosti, the European Commission regards the nomination...
- Research articles 2004-03-02
- The White Commission and the Federal Circuit.(Commission on Structural Alternatives for the Federal Courts of Appeals)
- INTRODUCTION The Commission on Structural Alternatives for the Federal Courts of Appeals, or White Commission,(1) ("the Commission") recently issued a report and recommendations for Congress and the President after studying the appellate courts for a year.(2) The Commission investigation emphasized the United...
- Research articles 2000-09-22
- Securities and Exchange Commission's Final Rule Implementing Standards of Professional Conduct for Attorneys
- The article define the act provision for investor relations, It explains about the Securities and Exchange Commission issued final regulations to implement provisions of Section 307 of the Sarbanes-Oxley Act of 2002 (H.R. 3763), prescribing minimum standards of professional conduct for attorneys appearing and practicing before the Commission in any...
- White papers 2003-09-12
- Digital public interest demands toned down.(commission led by Vice President Al Gore to leave mandatory requirements for broadcasters to the Federal Communications Commission)
- The Gore commission is softening a recommendation that broadcasters fulfill a minimum amount of mandatory public interest requirements in return for carriage by cable operators, according to the commission's third draft, which is circulating among The Gore commission is softening a recommendation that...
- Research articles 1998-11-30
- As jurisdiction debate drags on, differences start to mount. (Commodity Futures Trading Commission, Securities and Exchange Commission and stock index futures)
- As hearings, debates and discussions continue over whether the Securities and Exchange Commission SEC should take over regulation of stock-index futures from the Commodity Futures Trading Commission CFTC, key philosophical differences between the As hearings, debates and discussions continue over whether the Securities and Exchange...
- Research articles 1990-07-01
- Michigan PSC rules for contractors. (industry News).(Michigan Public Service Commission, rules for Consumers Energy Commission)
- LANSING, Mich. -- The Michigan Public Service Commission PSC granted, in part, Consumers Energy Company's request for an extension of the temporary waiver of the commission's code of conduct for its appliance service plan ASP program, subject to LANSING, Mich. -- The Michigan Public Service...
- Research articles 2003-03-10
- SEC Says Never Mind' on CSAs.(commission sharing arrangements)(Securities and Exchange Commission)
- Small, introducing brokers can continue their commission sharing arrangements CSAs, according to the Securities and Exchange Commission's interpretative release on soft dollars. Small, introducing brokers can continue their commission sharing arrangements CSAs, according to the Securities and Exchange Commission's interpretative release on soft...
- Research articles 2006-09-01
- JORDAN: TRC IN TALKS WITH US'S FCC, IRAQI TELECOM OFFICIALS.(Telecommunications Regulatory Commission, US Federal Communications Commission; Iraqi telecommunications )(Brief Article)
- According to "Jordan Times", the Telecommunications Regulatory Commission TRC concluded two days of successful talks on technical regulatory matters with a delegation of the US Federal Communications Commission FCC. The talks concentrat According to "Jordan Times", the Telecommunications Regulatory Commission TRC concluded two days of...
- Research articles 2003-09-01
- COMMISSION CRITICAL OF A ALCOHOL LOBBY.(European Union. European Commission)(Brief article)
- The European Commission is getting ready to publish its strategy to combat alcohol abuse. On 6 October, it condemned the 'exaggerated' lobbying tactics used by certain producers both at the Commission and the Parliament. The EU executive has been wor The European Commission is getting ready...
- Research articles 2006-10-13
