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 commission voted 14-1 to recommend that districts arm teachers. Terry Spencer, The Seattle Times, "Education unions oppose calls to arm teachers," 11 Feb. 2019 The Art Production Fund commissions and produces eye-catching contemporary public art projects, collaborating with a host of conceptual artists across the country. Zachary Schwartz, Vogue, "The Fine Print: Polkadots, Stripes, and More at the Art Production Fund’s Gala," 13 Mar. 2019 From there, Uber takes $8.33 in commissions and fees, which is about a third of the fares. Samantha Leach, Glamour, "You're Probably Not Tipping Your Uber Driver Enough," 12 Dec. 2018 Local Chinese companies cover the cost of building and operating the centers and earn money through fees and commissions for signing up advertisers for Google’s AdWords ad system. Casey Newton, The Verge, "Facebook’s morale problem is getting worse," 6 Dec. 2018 The proposal, which faces a final vote in the European parliament in January, will now enter three-way negotiations with the European commission and the Council of the European Union, according to the Guardian. Christopher Carbone, Fox News, "EU copyright law may force Google, Facebook to pay billions to music companies, publishers," 19 Sep. 2018 But Seminole’s seven-member planning and zoning commission dealt the latest blow to the project after voting unanimously to recommend county commissioners reject the project. Martin E. Comas, OrlandoSentinel.com, "East Seminole residents express relief after board rejects rural development but ready for future battles," 13 July 2018 The commission is also in charge of handling complaints under federal law referred to them by the U.S. Equal Employment Opportunity Commission and providing information on how organizations can prevent potential hostile or discriminatory workplaces. Kimberlee Kruesi, idahostatesman, "In wake of #MeToo, Idaho sees dramatic increase in sexual harassment claims," 12 July 2018 While a growing number of companies offer cryptocurrency, including market leader Coinbase and payment service Square, Robinhood’s service is distinct because the company doesn’t charge direct commissions or trading fees. Jeff John Roberts, Fortune, "Robinhood Adds Bitcoin Cash and Litecoin in Push to Expand Crypto," 12 July 2018

Recent Examples on the Web: Verb

In between flirtatious comments and knowing looks, Arya commissioned a new weapon of her own design. Kayleigh Roberts, Marie Claire, "Arya’s New Weapon on ‘Game of Thrones’ Is Going to Be a “Showstopper”," 15 Apr. 2019 In 1949 the couple commissioned another Cartier brooch, this time coupling a diamond cat with a sapphire. Stellene Volandes, Town & Country, "How the Cartier Panther Became a Jewelry Icon," 20 Mar. 2019 According to Deadline, the series commissioned 120 hours of interviews from more than 40 contributors, archival news footage, and reenactments. Megan Stein, Country Living, "Who Are Madeleine McCann's Parents? What to Know About Kate and Gerry McCann," 14 Mar. 2019 Small-scale studies commissioned by exoskeleton makers and their customers have shown that use of the devices reduces oxygen use and muscle activity—proxies for worker fatigue. Leigh Kamping-carder, WSJ, "Industrial Exoskeletons Give Workers a Lift," 17 Jan. 2019 According to an annual study commissioned by Upwork, a platform for freelance workers, more than 1 in 3 Americans freelanced in 2018. Gaby Del Valle, Vox, "Amazon is cutting costs with its own delivery service — but its drivers don’t receive benefits," 26 Dec. 2018 While church trials do make use of police investigations and evidence from secular courts, a counter-study commissioned by an entire bishops' conference could run into jurisdictional problems at a canonical trial, canonists said. Fox News, "Pope role in study of Argentine sex abuse case in spotlight," 18 Sep. 2018 According to a new study commissioned by the European Space Agency, the mid-Atlantic island of Santa Maria, in the Azores, is suitable for the development of a spaceport for small rocket launchers, the local newspaper Público reported. Eric Berger, Ars Technica, "Rocket Report: SpaceX doubles up, European resistance, condensed Kármán," 27 July 2018 Our Kids Can, a nonprofit that commissioned him to compose, produce and sing original songs with an infectious hook for their digital, kid-centric learning system. Vincent T. Davis, San Antonio Express-News, "Local musician writes inspiring songs for students," 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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Learn More about commission

Statistics for commission

Last Updated

23 Apr 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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