Index: > A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Business Industries Finance Tax

Home > Commission


In law a commission is an act granting a person an office or position. Most commonly this term is used when a public officer appoints a person to a government or military office, but the term also applies to any appointment of an agent by a principal under the law of agency.

A commission is also the letters patent that serve as evidence of the appointment. There have been cases where the validity of a person's appointment has been disputed based on whether or not the commission was properly made and delivered, such as the landmark Marbury v. Madison of the United States Supreme Court.

A commission is also a fee or allowance given to a sales person or agent in exchange for services rendered.

A commission may also be the entire government agency that operates under the authority of a government officer.

See also

commissioned officer, writ, warrant (legal), warrant officer, stock brokerA stock broker or stockbroker or stock brokerage is someone or a firm who performs transactions in financial instruments on a stock market as an agent of his/her/its clients who are unable or unwilling to trade for themselves. Stockbrokers also sometimes, Royal CommissionIn countries that are members of the Commonwealth a Royal Commission is a major government inquiry into an issue. They have been held in countries such as the United Kingdom, Canada, and Australia. A Royal Commissioner has considerable powers, generally g, Securities and Exchange CommissionSEC redirects here. For other uses, see SEC (disambiguation The Securities and Exchange Commission commonly referred to as the SEC is the United States governing body which has primary responsibility for overseeing the regulation of the securities industr LawThis article is about law in society. For other possible meanings, see law (disambiguation). Law (a loanword from Danish-Norwegian lov , in politics and jurisprudence, is a set of rules of conduct which mandate or proscribe (or both) specified relationshi



Non User