Commission

Mutually agreed upon, or fixed by custom or law, fee accruing to an agent, broker, or salesperson for facilitating, initiating, and/or executing a commercial transaction. Formal body comprising of one or more experts formed on an ad hoc or continuing basis to address, debate, and/or exhaustively investigate matters within the expertise of its members or within the scope of the commission's mandate. Unlike councils, commissions may have advisory, quasi-judicial, or regulatory powers.

Commission is in the Accounting & Auditing and Corporate, Commercial, & General Law subjects.

Commission appears in the definitions of the following terms: compensation plan, International Standards Organization (ISO), renewal commission, compensation structure, and flat commission.   Thanks to BusinessDictionary, InvestorGuide & InvestorWords http://www.investorguide.com/