What is a commission?
The term "commission" has several different meanings. Basically, a commission means a group of people or a fee for certain services.
Let us consider in detail what a commission is and give examples of the use of this word.
The commission is ...
- a body that includes officials authorized to resolve issues related to the resolution of disputes, supervision or control;
- the form of the contract in which one party fulfills certain obligations for remuneration;
- the amount of mediation in the implementation of the transaction, for example, a commission fee, commission at an ATM;
- outdated value is interpreted as all sorts of difficulties, fuss or unpleasant efforts.
Examples of the use of the term
The word "commission" can be used in the following combinations:
- election Committee;
- counting commission;
- audit committee;
- conciliation commission;
- expert commission;
- high / low commission.
In modern business dictionaries, the word "commission" means a contract, having concluded that the seller performs a commercial operation at the expense of a third party, but on his own behalf.When carrying out such an operation, the seller-commission agent is considered the owner of the purchased product or securities until it is transferred to the buyer.
Now you know what a commission is, and you can use any meaning of a given word in a conversation.