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commission meaning

[ kə'miʃən ] Pronunciation:   "commission" in a sentence
  • Noun: commission  ku'mishun
    1. A special group delegated to consider some matter
      - 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
      - commissioning 
    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
      - deputation, delegation, delegacy, mission 
    6. A formal statement of a command or injunction to do something
      - charge, direction 
    7. An official document issued by a government and conferring on the recipient the rank of an officer in the armed forces
      - military commission 
    8. The act of committing a crime
      - perpetration, committal 
    9. A special assignment that is given to a person or group
      - mission, charge
    Verb: commission  ku'mishun
    1. Put into commission; equip for service; of ships 
    2. Place an order for 
    3. Charge with a task

    Derived forms: commissioned, commissions, commissioning

    See also: commissioner, commit

    Type of: administrative body, administrative unit, assignment, authorisation [Brit], authorise [Brit], authorization, authorize, bid, bidding, bona fides, certificate, certification, clear, command, credential, credentials, crime, criminal offence [Brit, Cdn], criminal offense [US], dictation, duty assignment, empowerment, equip, fee, fit, fit out, law-breaking, offence [Brit, Cdn], offense [US], operation, order, organisation [Brit], organization, outfit, pass

    Encyclopedia: Commission Commission, Great


  • [Business]
    noun, verb

    noun

    EQUAL EMPLOYMENT OPPORTUNITIES COMMISSION, EQUAL OPPORTUNITIES COMMISSION, ERROR OF COMMISSION, HEALTH AND SAFETY COMMISSION, OVERRIDING COMMISSION, SECURITIES AND EXCHANGE COMMISSION

    1 (Commerce ) [U,C]

    an amount of money that is paid to sb for selling goods or services and which usually increases with the quantity they sell:

    You get a 10% commission on everything you sell.

    They work on commission (= they are paid according to how much they sell) and so they try to sell you more.

    I asked salespeople how much they earned in commissions in the last two years. See note at PRICE, SALARY

    ❖ to earn/get/pay (a) commission

    2 [U,C]

    an amount of money that is charged by a bank, for example, for providing a particular service:

    Agents charge their clients 2% commission on the sale of a house.

    The two banks have similar commission rates.

    ❖ to charge/pay a commission

    3 (often Commission) [C]

    a group of people who are officially asked to find out about a problem and suggest some actions in a report:

    The Commission will investigate the number of jobs created.

    She is to head a commission to look into working conditions in the industry.

    a commission of enquiry

    ❖ to appoint/head/set up a commission

    ◆ a commission investigates/reports on/studies sth

    4 (often Commission [C])

    an official organization with a particular purpose that manages sth or makes sure that the law is obeyed:

    the Equal Opportunities Commission

    the Securities and Exchange Commission

    EUROPEAN COMMISSION

    ❖ to appoint/head/set up a commission

    ◆ a commission investigates/reports on/studies sth

    5 [C]

    a formal request to an artist or a writer, for example, to produce a piece of work:

    I received a commission to write an article.

    ❖ to accept/be given/get/receive a commission

    IDIOMS

    in/out of commission

    available/not available to be used:

    Several planes are temporarily out of commission and undergoing safety checks.

    verb [+ obj]

    to officially ask sb to write, make or create sth or to do a task for you:

    The survey on consumer taste was commissioned by local stores.


  • [Defence]

    1. To put in or make ready for service or use, as to commission an aircraft or a ship.
    2. A written order giving a person rank and authority as an officer in the armed forces.
    3. The rank and the authority given by such an order.
    See also constitute.

  • [Economics]
    A payment made to an intermediary, such as an agent, salesman, broker (see also brokerage), etc., usually calculated as a percentage of the value of the goods sold. Sometimes the whole of the commission is paid by the seller (e.g. an estate agent's commission in the UK) but in other cases (e.g. some commodity markets) it is shared equally between buyer and seller. In advertising, the commission is the discount (usually between 10% and 15%) allowed to an advertising agency by owners of the advertising medium for the space or time purchased on behalf of their clients. A commission agent is an agent specializing in buying or selling goods for a principal in another country for a commission.

  • [Finance]
    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 establishment of discount brokers, who charge lower commissions than full service brokers. Full service brokers offer advice and usually have a 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.

Examples

    More:   Next
  1. he gets commission on top of his salary.
  2. the commission note was to follow next day.
  3. in 1388 the crown issued commissions.
  4. i got flu and was out of commission for a week.
  5. how many people sit on the commission?

Related Words

  1. commissariat meaning
  2. commissary meaning
  3. commissary court meaning
  4. commissary general meaning
  5. commissaryship meaning
  6. commission agent meaning
  7. commission broker meaning
  8. commission for health improvement meaning
  9. commission for racial equality meaning
  10. commission house meaning
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