Commission
From ACT Wiki
1. Agents - intermediaries - professional services.
Amounts payable for professional services, especially when relating to intermediating or facilitating a transaction, and often charged as a percentage of the size of the transaction.
For example, introductory commission.
2. Regulation - supervision.
A permanent body empowered to exercise legal, regulatory or supervisory authority.
For example the US Securities and Exchange Commission.
3. Expert recommendations.
A temporary body of experts that investigates and makes formal recommendations on its area of expertise.
For example, the UK's Parliamentary Commission on Banking Standards.
See also
- Agency
- Agent
- European Commission
- Fee
- Fiscal agent
- Forwarding agent
- Intermediary
- Introductory commission
- Monopolies and Mergers Commission
- Nominee
- Parliamentary Commission on Banking Standards
- Principal
- Quantum meruit
- Regulation
- Securities and Exchange Commission
- Supervision
- United Nations Commission on International Trade Law