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11 dictionary results for: Commission
Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
com·mis·sion       [kuh-mish-uhn] Pronunciation Key
–noun
1.the act of committing or giving in charge.
2.an authoritative order, charge, or direction.
3.authority granted for a particular action or function.
4.a document granting such authority.
5.a document conferring authority issued by the president of the U.S. to officers in the Army, Navy, and other military services, and by state governments to justices of the peace and others.
6.the power thus granted.
7.the position or rank of an officer in any of the armed forces.
8.a group of persons authoritatively charged with particular functions: a parks commission.
9.the condition of being placed under special authoritative responsibility or charge.
10.a task or matter committed to one's charge; official assignment: The architect received a commission to design an office building.
11.the act of committing or perpetrating a crime, error, etc.: The commission of a misdemeanor is punishable by law.
12.something that is committed.
13.authority to act as agent for another or others in commercial transactions.
14.a sum or percentage allowed to agents, sales representatives, etc., for their services: to work on a 20 percent commission.
–verb (used with object)
15.to give a commission to: to commission a graduate of a military academy.
16.to authorize; send on a mission.
17.to give the order that places a warship, military command, etc., in a state of complete readiness for active duty.
18.to give a commission or order for: The owners commissioned a painting for the building's lobby.
—Idioms
19.in commission,
a.in service.
b.in operating order: A great deal of work will be necessary to put this car in commission again.
c.Also, into commission. Navy. (of a ship) manned and in condition for or ordered to active service.
20.on commission, paid entirely or partially with commissions from sales one has made or for work one has done: The salespeople who are on commission earn 6 percent of the total amount they sell.
21.out of commission,
a.not in service.
b.not in operating order: The stove is out of commission.
[Origin: 1300–50; ME (< AF) < L commissiōn- (s. of commissiō) a committing. See com-, mission, commit]

—Related forms
com·mis·sion·a·ble, adjective
com·mis·sion·al, adjective
com·mis·sive, adjective
com·mis·sive·ly, adverb
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
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American Heritage Dictionary - Cite This Source - Share This
com·mis·sion       (kə-mĭsh'ən)  Pronunciation Key 
n.  
    1. The act of granting certain powers or the authority to carry out a particular task or duty.
    2. The authority so granted.
    3. The matter or task so authorized: Investigation of fraud was their commission.
    4. A document conferring such authorization.
    5. A group of people officially authorized to perform certain duties or functions: The Federal Trade Commission investigates false advertising.
    6. often Commission A ruling council within the Mafia that adjudicates family disputes and regulates family activities.
    7. An official document issued by a government, conferring on the recipient the rank of a commissioned officer in the armed forces.
    8. The rank and powers so conferred.
    1. A group of people officially authorized to perform certain duties or functions: The Federal Trade Commission investigates false advertising.
    2. often Commission A ruling council within the Mafia that adjudicates family disputes and regulates family activities.
    3. An official document issued by a government, conferring on the recipient the rank of a commissioned officer in the armed forces.
    4. The rank and powers so conferred.
  3. The act of committing or perpetrating: the commission of a crime.
  4. A fee or percentage allowed to a sales representative or an agent for services rendered.
    1. An official document issued by a government, conferring on the recipient the rank of a commissioned officer in the armed forces.
    2. The rank and powers so conferred.

tr.v.   com·mis·sioned, com·mis·sion·ing, com·mis·sions
  1. To grant a commission to. See Synonyms at authorize.
  2. To place an order for: commissioned a new symphony for the festival.
  3. To put (a ship) into active service.


[Middle English commissioun, from Latin commissiō, commissiōn-, from commissus, past participle of committere, to entrust; see commit.]

com·mis'sion·a·ble adj., com·mis'sion·al adj.
(Download Now or Buy the Book)
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2006 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Online Etymology Dictionary - Cite This Source - Share This
commission 
1344, from L. commissionem (nom. commissio) "delegation of business," from commissus, pp. of committere (see commit).

Online Etymology Dictionary, © 2001 Douglas Harper
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WordNet - Cite This Source - Share This
commission

noun
1. a special group delegated to consider some matter; "a committee is a group that keeps minutes and loses hours" - Milton Berle [syn: committee] 
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" 
3. the act of granting authority to undertake certain functions 
4. the state of being in good working order and ready for operation; "put the ships into commission"; "the motor was out of commission" 
5. a group of representatives or delegates [syn: deputation] 
6. a formal statement of a command or injunction to do something; "the judge's charge to the jury" 
7. an official document issued by a government and conferring on the recipient the rank of an officer in the armed forces 
8. the act of committing a crime [syn: perpetration] 
9. a special assignment that is given to a person or group; "a confidential mission to London"; "his charge was deliver a message" [syn: mission] 

verb
1. put into commission; equip for service; of ships 
2. place an order for 
3. charge with a task 

WordNet® 3.0, © 2006 by Princeton University.
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American Heritage Dictionary of Idioms - Cite This Source - Share This

commission

see in commission; on commission; out of commission.


The American Heritage® Dictionary of Idioms by Christine Ammer.
Copyright © 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Company.
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American Heritage New Dictionary of Cultural Literacy, Third Edition - Cite This Source - Share This
commission

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.


The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Investopedia - Cite This Source - Share This

Commission

A service charge assessed by an agent in return for arranging the purchase or sale of a security or real estate. The commission must be fair and reasonable, considering all the relevant factors of the transaction. Commissions vary widely from broker to broker.

Investopedia Commentary

The brokerage with the lowest commissions is not necessarily the best one - you get what you pay for. Discount brokerages offer no advice, which can prove to be troublesome for many rookie investors. On the other hand, full-service brokerages offer a more personalized service, but commissions are much higher.

Related Links

Brokers and Online Trading
Settling Wrap Fees

See also: Analyst, Broker, Discount Broker, May Day, Real Estate Agent

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Wallstreet Words - Cite This Source - Share This

commission

The fee levied by a broker to undertake a trade on behalf of a customer. Because the amount of the commission for a particular trade is no longer fixed, it can vary considerably among firms. See also discount brokerage firm, full-service brokerage firm.

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

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott.
Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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Merriam-Webster's Dictionary of Law - Cite This Source - Share This
Main Entry: com·mis·sion
Function: noun
1 : a formal written authorization to perform various acts and duties 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 of persons directed to perform a duty b usually cap : a government agency Commission> —see also AGENCY c : a city council having legislative and executive functions
4 : an act of committing something <commission of the crime>
5 : a fee paid to an agent or employee for transacting a piece of business or performing a service; especially : a percentage of the money received paid to the agent responsible for the business —commission transitive verb

Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Webster's Revised Unabridged Dictionary - Cite This Source - Share This

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. --South.

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. --Shak.

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. --Prescott.

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.

Commission, or Commissioned, officer (Mil.), one who has a commission, in distinction from a noncommissioned or warrant officer.

Commission of the peace, a commission under the great seal, constituting one or more persons justices of the peace. [Eng.]

To put a vessel into commission (Naut.), to equip and man a government vessel, and send it out on service after it has been laid up; esp., the formal act of taking command of a vessel for service, hoisting the flag, reading the orders, etc.

To put a vessel out of commission (Naut.), to detach the officers and crew and retire it from active service, temporarily or permanently.

To put the great seal, or the Treasury, into commission, to place it in the hands of a commissioner or commissioners during the abeyance of the ordinary administration, as between the going out of one lord keeper and the accession of another. [Eng.]

The United States Christian Commission, an organization among the people of the North, during the Civil War, which afforded material comforts to the Union soldiers, and performed services of a religious character in the field and in hospitals.

The United States Sanitary Commission, an organization formed by the people of the North to co["o]perate with and supplement the medical department of the Union armies during the Civil War.

Syn: Charge; warrant; authority; mandate; office; trust; employment.

Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Webster's Revised Unabridged Dictionary - Cite This Source - Share This

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.

2. To send out with a charge or commission.

A chosen band He first commissions to the Latian land. --Dryden.

Syn: To appoint; depute; authorize; empower; delegate; constitute; ordain.

Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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