commission

noun
com·​mis·​sion | \ kə-ˈmi-shən How to pronounce commission (audio) \
plural commissions

Definition of commission

 (Entry 1 of 2)

1a : a formal written warrant granting the power to perform various acts or duties
b : a certificate conferring military rank and authority also : the rank and authority so conferred received a lieutenant's commission in the army
2a : an authorization or command to act in a prescribed manner or to perform prescribed acts : charge a commission to serve as notary public
b : a formal request to produce something (especially an artistic work) in exchange for payment … he found his footing as a Western artist when he received a commission in 1958 to create two … paintings …— William Grimes also : a work produced by commission … the play was a commission of the Guthrie Theatre in Minneapolis … — Sharon Eberson
3a : authority to act for, in behalf of, or in place of another … had summoned all the clans which acknowledged his commission— T. B. Macaulay
b : a task or matter entrusted to one as an agent for another executed a commission for me while he was in Singapore
4a : a group of persons directed to perform some duty The state set up a commission to study the proposed merger of the school districts.
b : a government agency having administrative, legislative, or judicial powers regulatory powers exercised by the Federal Trade Commission
c : a city council having legislative and executive functions She served on the city's water commission.
5 : an act of committing something commission of a crime
6 : 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 from a total paid to the agent responsible for the business He gets a commission for each car he sells.
7 : an act of entrusting or giving authority the commission of limited powers to the administrator
in commission or into commission
1 : under the authority of commissioners
2 of a ship : ready for active service
3 : in use or in condition for use The Internet connection is back in commission.
on commission
: with commission serving as partial or full pay for work done an artist working on commission
out of commission
1 : out of active service or use The ferry was put out of commission because of the bad weather.
2 : out of working order The elevator was out of commission.

commission

verb
commissioned; commissioning\ kə-​ˈmi-​sh(ə-​)niŋ How to pronounce commissioning (audio) \

Definition of commission (Entry 2 of 2)

transitive verb

1 : to furnish with a commission: such as
a : to confer a formal commission on was commissioned lieutenant
b : to appoint or assign to a task or function was commissioned to do the biography
2 : to order to be made commissioned a portrait
3 : to put (a ship) in commission The ship was commissioned in 2004.

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Examples of commission in a Sentence

Noun

She served on the city's water commission. Both states set up commissions to examine their public schools. She gets a commission for each car she sells. The salespeople in that store all work on commission. a weapon used in the commission of a crime

Verb

A portrait of the queen was commissioned. The magazine commissioned a story about the world's best beaches. The report on poverty was commissioned by the governor. The king commissioned the artist to paint his portrait. She was commissioned in the Navy as a captain. The ship was commissioned in 2004.
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Recent Examples on the Web: Noun

The dated standards have not evolved in the last fifteen years because of resistance within the commission and partisan politics outside of it. Sue Halpern, The New Yorker, "Mitch McConnell is Making the 2020 Election Open Season for Hackers," 12 June 2019 But Kuczmanski, the commission spokeswoman, said concerns about access to the monument were also being considered as part of the permit application. Nick Valencia, CNN, "A US government agency forced open a gate in the private border wall," 11 June 2019 The Army Corps of Engineers, state Department of Energy and Environmental Protection and the town’s conservation commission have signed off on a plan to build a multiuse trail from Western Boulevard to House Street. Peter Marteka, courant.com, "Summer projects scheduled in Glastonbury include multiuse trail construction, oil pier removal," 10 June 2019 The commission and the constitutional court have also helped by disqualifying opposition MPs and, in one case, banning an entire opposition party. The Economist, "The leader of the Thai junta tortures the rules to remain in power," 8 June 2019 Mexico’s banking commission said most of the money was siphoned off to a pair of companies connected to Olvera, who shortly after the insolvency moved to the U.S. and fought criminal charges in Mexico. Jason Buch, ExpressNews.com, "Authorities arrest two Mexican businessmen with San Antonio ties," 8 June 2019 Profits under those deals came to the company through commissions and fees. Kevin Rector, baltimoresun.com, "Who's who amid UMMS leadership shake-up, review after 'Healthy Holly' scandal," 7 June 2019 Sean, Lincoln, Neb. Answer: That’s one way to save on real estate commissions – just keep it in the family. Peter Dunn, USA TODAY, "Pete the Planner: Before buying your parents' house, calculate its effect on retirement," 7 June 2019 Offences against the law relating to bribery, corruption, secret commissions and breach of trust. Mary Hui, Quartz, "These are all the crimes Hong Kong is considering extraditing people for under a new law," 7 June 2019

Recent Examples on the Web: Verb

The university commissioned the $14.2 million bridge to connect the school's campus to the Sweetwater neighborhood, where thousands of students live. Jamiel Lynch, CNN, "'It cracked like hell.' Engineer ignored warning signs hours before deadly FIU footbridge collapse, report says," 12 June 2019 Likewise, the Times’ eagerness for more female contributors should improve the odds of my getting commissioned to write its op-eds—but only so long as the editors fancy my politics. Lionel Shriver, Harper's magazine, "Fifty-Fifty Follies," 10 June 2019 In 1969, the Swann Committee report, commissioned by the British Parliament, concluded the problem of antibiotic resistance was significant. Danny Hakim, New York Times, "Warning of ‘Pig Zero’: One Drugmaker’s Push to Sell More Antibiotics," 7 June 2019 In 1973, the Queen commissioned House of Garrard to create a tiara out of these pieces. Maggie Maloney, Town & Country, "See the Sparkling Tiaras Kate Middleton, Queen Elizabeth, and Camilla Wore to Trump's Formal Banquet," 3 June 2019 Many 18th- and early-19th-century vessels, commissioned for trade or war, still sit, largely intact, on the ocean floor. Katherine Cusumano, Condé Nast Traveler, "Bermuda Snorkeling Guide: 9 Best Dive Sites On The Island," 31 May 2019 Austin created a tablecloth based on Gino Severini’s painting Dynamic Hieroglyphic of the Bal Tabarin, then commissioned Marie Dâage to create coordinating plates. Hadley Keller, House Beautiful, "See How 32 Designers Transform a Dining Room in Just a Few Hours," 3 May 2019 The report was commissioned by four leading Western human-rights organizations, including ours, and written with the help of the Memorial Human Rights Centre, one of the most important rights groups in Russia. Irwin Cotler And Katrina Lantos Swett, WSJ, "Standing Against Putin’s Tyranny," 28 Apr. 2019 The original was commissioned by Queen Victoria for her daughter Victoria, and was made of delicate silk and Honiton lace. refinery29.com, "Prince Louis Will be Christened On A Special Date For the Royal Family," 8 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'commission.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of commission

Noun

14th century, in the meaning defined at sense 1a

Verb

1602, in the meaning defined at sense 1

History and Etymology for commission

Noun

Middle English commissioun "delegated authority, warrant delegating authority," borrowed from Anglo-French commission, borrowed from Medieval Latin commissiōn-, commissiō "commitment, entrusting, grant of authority," going back to Late Latin, "joining, engagement, sin," going back to Latin, "commencement of a game," from committere "to join together, engage, place in the keeping of, entrust, bring about" + -tiōn-, -tiō, suffix of verbal action — more at commit

Verb

derivative of commission entry 1

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Statistics for commission

Last Updated

14 Jun 2019

Look-up Popularity

Time Traveler for commission

The first known use of commission was in the 14th century

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More Definitions for commission

commission

noun

Financial Definition of commission

What It Is

A commission is a fee paid to an agent as compensation for executing a transaction. It is calculated either as a percentage of the transaction value or as a flat fee.

How It Works

Let's assume you would like to purchase 100 shares of Company XYZ at $35 per share, and your broker charges a 2% commission to make the trade.

The shares themselves would cost $3,500 ($35 x 100 shares), but the broker would also need to be paid for finding someone to sell the shares to you. For their services, they would charge $70 ($3,500 x 2%). The total cost of the transaction would be $3,500 + $70 = $3,570.

Four months later, you decide to sell your XYZ shares. Now selling at $50, you would receive $5,000 ($50 x 100 shares) from the sale. But once again, the brokerage would take 2% ($100), so the actual proceeds from the transaction would total $4,900 ($5,000 - $100).

Although most investors would calculate the profit on the Company XYZ investment as simply the difference between $5,000 and $3,500 (or $1,500 -- +42.85%), the savvy investor takes commissions into account and knows that the actual profit is $4,900 - $3,570 = $1,330 (or +37.25%).

Stock brokers most often come to mind when discussing commissions, but commissions are the major means of compensation for real estate agents, financial advisors, investment bankers, and many others.

Why It Matters

As we demonstrated in the example above, commissions eat into returns and should be considered when making any investment. The Company XYZ investment returned +37.25% after commissions rather than +42.85% -- a full 5.6% of the return went toward paying commissions.

The type of broker you use often dictates the commission you pay. Full-service brokers provide a lot of service in exchange for higher rates. Discount brokers, on the other hand, usually focus on The definition of commission on InvestingAnswersexecuting trades and do little else. Their clients often pay much lower commissions. In either case, commission structures also vary based on other factors like the size of the client's account, the number or size of trades a client makes, the type of trades a client makes, the kind of account the client has, and whether or not the client buys or sells securities online or over the phone.

It is important for investors to understand their trading preferences when evaluating commission structures. Certain fee schedules may be more beneficial for different types of investors and traders.

Source: Investing Answers

commission

noun

English Language Learners Definition of commission

 (Entry 1 of 2)

: a group of people who have been given the official job of finding information about something or controlling something
: an amount of money paid to an employee for selling something
formal : the act of committing a crime

commission

verb

English Language Learners Definition of commission (Entry 2 of 2)

: to order or request (something) to be made or done
: to order or request (someone) to make or do something
: to make (someone) an officer in the military

commission

noun
com·​mis·​sion | \ kə-ˈmi-shən How to pronounce commission (audio) \

Kids Definition of commission

 (Entry 1 of 2)

1 : an order granting the power to perform various acts or duties : the right or duty to be performed
2 : a certificate that gives military or naval rank and authority : the rank and authority given He received his commission in the army as a captain.
3 : authority to act as agent for another : a task or piece of business entrusted to an agent
4 : a group of persons given orders and authority to perform specified duties a housing commission
5 : an act of doing something wrong the commission of a crime
6 : a fee paid to an agent for taking care of a piece of business

commission

verb
commissioned; commissioning

Kids Definition of commission (Entry 2 of 2)

1 : to give a commission to
2 : to put (a ship) into service

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commission

noun
com·​mis·​sion

Legal Definition of commission

1 : a formal written authorization to perform various acts and duties a notary's commission
2a : 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
3a : a group of persons directed to perform a duty
b usually capitalized : a government agency Federal Trade 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

Other Words from commission

commission transitive verb

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Comments on commission

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