Codex Alimentarius Commission: A joint commission of the Food and Agriculture Organization (FAO) and the World Health Organization, comprised of some 146 member countries, created in 1962 to ensure consumer food safety, establish fair practices in food trade, and promote the development of international food standards. The Commission drafts nonbinding standards for food additives, veterinary drugs, pesticide residues, and other substances that affect consumer food safety. It publishes these standards in a listing called the 'Codex Alimentarius.'

 

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Codex Alimentarius Commission: A joint commission of the Food and Agriculture Organization (FAO) and the World Health Organization, comprised of some 146 member countries, created in 1962 to ensure consumer food safety, e . . . View Full Definition

No Loan, No Commission: A listing agreement requiring that escrow be closed and title transferred before an agent is entitled to a commission.

Nowell Codex: The common scholarly nickname for the medieval manuscript that contains Beowulf. The official designation for this manuscript is Cotton Vitellius A.xv. You can click here to see the first pa . . . View Full Definition

Negotiated Commission: An unfixed broker's commission that is determined through negotiation, depending on the specifics of the trades performed.