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recommission

 - 3 dictionary results

com⋅mis⋅sion

[kuh-mish-uhn]
–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.
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


com⋅mis⋅sion⋅a⋅ble, adjective
com⋅mis⋅sion⋅al, adjective
com⋅mis⋅sive, adjective
com⋅mis⋅sive⋅ly, adverb
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Financial Dictionary

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 by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

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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