Definition : Commission

Commission refers to a fee or percentage of a sale that is paid to a person or organization for their services in facilitating the transaction. This can include tasks such as selling a product, providing a service, or securing a deal. It is a form of compensation that is typically agreed upon beforehand and is often used in industries such as real estate, art, and sales. Commission serves as a motivator for individuals to work towards achieving successful outcomes and can vary in amount depending on the agreement between parties. In addition to monetary compensation, commission can also refer to the authority given to a person to act on behalf of another, such as a government commission investigating a specific issue.

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