commission

(redirected from Broker's Commission)
Also found in: Dictionary, Thesaurus, Legal, Financial, Encyclopedia.

commission

To purchase or arrange the purchase of services, as in a primary care trust commissioning cytology screening services from a pathology laboratory in a particular trust.

commission

Business & health A type of finder's fee set by insurance brokers or agents for selling health plans, built into the premiums paid by the insured. See Biological Stain Commission, Commission on Dietary Supplement Labels, Commission E, Enzyme Commission, Joint Commission on Accreditation of Healthcare Organization, National Commission for Certification of Acupuncturists, National Commission for the Protection of Human Subjects of Biomedical & Behavioral Research, Nuclear Regulatory Commission, Pepper Commission, Pew Commission.

Commission

short for the International Commission on Zoological Nomenclature.
References in periodicals archive ?
Montesclaros, as the attorney-in-fact of the vendor-landowners, over 14 parcels of land for P125,488,200, net of taxes, fees, expenses, broker's commission, tenants' disturbance compensation, and damages.
* Before any of your life settlement brokers performed any life settlement brokerage services for you in connection with the sale of your policy to --, the life settlement provider, in a life settlement transaction, you have entered into, and received a copy of, a written agreement with each such life settlement broker for the payment of such life settlement broker's commission, which you have authorized to be disbursed from the proceeds payable by--, the life settlement provider, for its purchase of your life insurance policy.
It is advisable for a Seller to expressly condition his or her payment of a broker's commission on the closing of the transaction (except, perhaps, if Seller willfully defaults).
With regular trades in the $3,000 range for a single holding, the sting of a broker's commission becomes tolerable, he says.
In a recent case, the court held that agreement on price, together with agreement on the cash component of the price, the specifics of a second mortgage and payment of the broker's commission by the buyer was sufficient to constitute a meeting of the minds.