Commission

Commission
  A one- time fee charged by a broker to a customer when a position is liquidated either by offset or delivery.
  A fee earned by the bank for a service delivered.
  Local commission to pay on transfers.
  In finance this normally means:
  The amount paid by a principal to an agent for consummating a transaction involving the sale or purchase of assets or services. The charge is made by brokers or banks for certain services rendered to customers.
  Banks charge commissions for issuing letters of credit, accepting drafts drawn under letters of credit, entering foreign exchange transactions for their customers, custodial services, acting as fiscal agent, etc.
  Fees are paid by banks to others for various services and include fees to foreign exchange brokers for arranging foreign exchange transactions.

International financial encyclopaedia . 2014.

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  • commission — [ kɔmisjɔ̃ ] n. f. • XIIIe; mot du Nord; lat. commissio, de committere → commettre I ♦ Didact. Charge, mandat. ⇒ attribution, délégation, mission. Donner une commission à qqn. Charger qqn d une commission. Exécuter, remplir une commission. 1 ♦… …   Encyclopédie Universelle

  • commission — COMMISSION. s. f. Fait, action, chose commise. En ce sens il n est guère d usage qu en cette phrase, Péché de commission. On l oppose à péché d omission. f♛/b] Il signifie aussi, Charge qu on donne à quelqu un de faire quelque chose. Commission… …   Dictionnaire de l'Académie Française 1798

  • commission — Commission. s. f. v. Fait, action, chose commise. En ce sens il n a guere d usage qu en cette phrase, Peché de commission, qui s oppose à peché d obmission. Il signifie aussi, Charge qu on donne à quelqu un de faire quelque chose. Commission… …   Dictionnaire de l'Académie française

  • Commission — Com*mis sion, n. [F., fr. L. commissio. See {Commit}.] 1. The act of committing, doing, or performing; the act of perpetrating. [1913 Webster] Every commission of sin introduces into the soul a certain degree of hardness. South. [1913 Webster] 2 …   The Collaborative International Dictionary of English

  • commission — com·mis·sion n 1: a formal written authorization to perform various acts and duties a notary s 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… …   Law dictionary

  • commission — Commission, Curatio, Delegatio, Mandatum, Epistalma. Commissions de la Cour, Mandata Curiae. Une commission en forme, Authoritas mandati subsignata. La commission de faire les enquestes des parties, Inquirendi prouincia. Bailler commission de… …   Thresor de la langue françoyse

  • Commission — may refer to: Commission (remuneration), a form of payment to an agent for services rendered Commission (document), a document given to commissioned officers. Commissioning, a process or service provided to validate the completeness and accuracy… …   Wikipedia

  • 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.… …   The Collaborative International Dictionary of English

  • commission — [kə mish′ən] n. [ME & OFr < ML commissio, delegation of business (in L, a bringing together in a contest) < L commissus, pp. of committere: see COMMIT] 1. a) an authorization to perform certain duties or tasks, or to take on certain powers… …   English World dictionary

  • Commission I — is a body in the Indonesian legislature, the People s Representative Council. It has similar functions to both the Foreign Relations Committee and the Armed Services Committee in the United States Senate.The MPs in delegation of Commission I s… …   Wikipedia

  • commission — [n1] task, duty agency, appointment, authority, brevet, certificate, charge, consignment, delegation, deputation, diploma, embassy, employment, errand, function, instruction, legation, mandate, mission, obligation, office, permit, power of… …   New thesaurus

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