Compensation paid to a salesperson (an employee or independent contractor) with the amount calculated as a percentage of the salesperson's sales volume. Commission is compensation paid to you with the amount calculated as a percentage of your sales. (2) Broker's fee for buying or selling securities.
Contracts, Civ. Law. When one undertakes, without reward, to do something for another in respect to a thing bailed. This term is frequently used synonymously with mandate. If the service the party undertakes to perform for another is the custody of his goods, this particular sort of commission is called a charge.
In a commission the obligation on his part who undertakes it is to transact the business without wages or any other reward and to use the same care and diligence in it as if it were his own.
By commission is also understood an act performed, opposed to omission, which is the want of performance of such an act; as when a nuisance is created by an act of commission it may be abated without notice; but when it arises from omission notice to remove it must be given before it is abated.
Office. Persons authorized to act in a certain matter as; such a matter was submitted to the commission; there were several meetings before the commission.
Crim. Law. The act of perpetrating an offence. There are crimes of commission and crimes of omission.
Government. Letters-patent granted by the government under the public seal to a person appointed to an office giving him authority to perform the duties of his office. The commission is not the appointment, but only evidence of it; and as soon as it is signed and sealed vests the office in the appointee.
Practice. An instrument issued by a court of justice or other competent tribunal to authorize a person to take depositions or do any other act by authority of such court or tribunal is called a commission.