Commission

(noun)

A percentage fee for the salesman on the sale of a product or service.

Related Terms

Examples of Commission in the following topics:

  • Peace Overtures and the Evacuation of Philadelphia

    • In response to the defeat at Saratoga, Parliament dispatched the Carlisle Peace Commission to negotiate peace with Congress.
    • After the British defeat at Saratoga in October 1777, Parliament repealed offensive measures, such as the Tea Act and the Massachusetts Government Act, and sent a commission to seek a negotiated settlement with the Continental Congress.
    • The commission was empowered to offer the colonies the semblance of self-rule, or what later became Commonwealth status.
    • The commission was authorized to negotiate with the Continental Congress as a body, representing a change in official British government policy, which had previously been willing to treat only with individual colonies.
    • The commission was headed by the Earl of Carlisle and included William Eden, a British statesman and diplomat, and George Johnstone, former Governor of West Florida.

  • The Regulators

    • The Securities and Exchange Commission (SEC), which was created in 1934, is the principal regulator of securities markets in the United States.
    • The commission enforces a web of rules to achieve that goal.
    • In addition, the commission requires companies to tell the public when their own officers buy or sell shares of their stock; the commission believes that these "insiders" possess intimate information about their companies and that their trades can indicate to other investors their degree of confidence in their companies' future.
    • The Commodity Futures Trading Commission oversees the futures markets.
    • From time to time, an especially aggressive SEC chairman asserts a vigorous role for that commission in regulating futures business.

  • The Federal Communications Commission

    • The Federal Communications Commission (FCC) is an independent regulatory agency of the United States government.
    • The Federal Communications Commission (FCC) is an independent regulatory agency of the United States government created by Congressional statute, with the majority of its commissioners appointed by the current president .
    • The FCC took over wire communication regulation from the Interstate Commerce Commission.
    • In 1934, Congress passed the Communications Act abolishing the Federal Radio Commission and transferring jurisdiction over radio licensing to a new Federal Communications Commission.
    • The Federal Communications Commission (FCC) has promised to ensure fairness in broadcasting.

  • Anti-Trust Laws

    • Wilson sought to encourage competition and curb trusts by using the Federal Trade Commission to enforce the Clayton Antitrust Act.
    • Wilson deviated from his presidential predecessors, who relied on lawsuits to break trusts and monopolies, by founding a new trustbusting approach through encouraging competition through the Federal Trade Commission.
    • The Federal Trade Commission effectively restricted unfair trade practices and enforced the 1914 Clayton Antitrust Act.

  • Private Patronage

    • A patron of the arts is a person who pays for or commissions works of art.
    • A patron of the arts is a person who pays for or commissions works of art, and commonly refers to the support that kings and popes provided to painters, sculptors, musicians, and poets.
    • Art collectors can act as patrons as well, by commissioning specific works or styles from the artists they wish to support.

  • Making Policy

    • For instance, the Postal Rate Commission sets rates for postage on the basis of revenues and expenditures.
    • Another type of bureaucratic institution is a regulatory commission, an agency charged with writing rules and arbitrating disputes in a specific part of the economy.
    • Chairs and members of regulatory commissions are named by the president and confirmed by the Senate to terms of fixed length from which they cannot be summarily dismissed.
    • Probably the most prominent regulatory commission currently in the news is the Federal Reserve Board.

  • The Coal Strike of 1902

    • This forced President Roosevelt to intervene with an arbitration commission that suspended the strike.
    • Roosevelt attempted to persuade the union to end the strike with a promise that he would create a commission to study the causes of the strike and propose a solution.
    • With the urging of Secretary of War, Elihu Root, Morgan came up with another compromise proposal that provided for arbitration, while giving the industry the right to deny that it was bargaining with the union by directing each employer and employees to communicate directly with the commission.
    • The commissioners then held hearings over the next three months, taking testimony from 558 witnesses, including 240 for the striking miners, 153 for nonunion mineworkers, 154 for the operators, and eleven called by the Commission itself .
    • In the end, however, the rhetoric of both sides made little difference to the Commission.

  • Government Regulation

    • At the federal level, one the earliest institutions was the Interstate Commerce Commission which had its roots in earlier state-based regulatory commissions and agencies.
    • Later agencies include the Federal Trade Commission, Securities and Exchange Commission , Civil Aeronautics Board, and various other institutions.
    • The Securities and Exchange Commission is an example of a government regulatory agency.

  • Independent Agencies

    • The Federal Communication Commission (FCC) is an example of an executive agency, and acts as an outpost of the executive government to regulate communications technology and media in the U.S.
    • The leaders of agencies often participate as members of commissions, boards, or councils with internal structures resembling tripartite government.
    • To illustrate this point, consider one independent agency — the Federal Communication Commission (FCC).
    • The Federal Communications Commission (FCC) is one of many independent executive agencies.

  • Civilizing the City

    • Progressivism led to a shift in city governance from a mayor and an ineffective council to a stronger council or commission structure.
    • The system whereby a city was governed by a powerful mayor and council was replaced by the council-manager or the commission system.
    • The commission was essentially a multi-member, rather than single-member, executive.
    • Under the commission system, the executive would be composed of people who each controlled one area of government.