Commission: An amount, which may vary, that a travel agent or tour operator receives from a supplier for marketing/selling transportation, accommodations, services or other products or services.

 

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Commission: An amount, which may vary, that a travel agent or tour operator receives from a supplier for marketing/selling transportation, accommodations, services or other products or services.

Futures Commission Merchant (FCM): A futures commission merchant (FCM) is a person or a firm that acts as an agent to execute buy or sell orders for futures contracts or commodity options. You may open an account directly wit . . . View Full Definition

Commission Broker: The fee paid to a broker to execute a trade, based on number of shares, bonds, options, and/or their dollar value. In 1975, deregulation led to the establishment of discount brokers, who cha . . . View Full Definition

Commission On 21st Century Production Agriculture: An 11-member panel authorized by Title I-G of the FAIR Act (P.L. 104-127) to conduct a comprehensive review of the farm economy, including the impact of the 1996 law: and a follow-up review . . . View Full Definition

Commissioner: This is the person in charge of running the league, setting up the draft and (if neccessary) controlling all of the league fees. Other tasks such as updating results and standings can be don . . . View Full Definition

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

Joint Commission On Accreditation Of Healthcare Organizations (JCAHO): The JCAHO is an independent, not-for-profit organization whose mission is to improve the quality of care provided to the public through the provision of health care accreditation and related . . . 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.

Commission House: A broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.

Graduated Commission Splits: Other companies have graduated commission splits based on a salespersons achieving specified production goals. For instance, a broker might agree to split commissions 50/50 up to a $25,000 s . . . View Full Definition