Commission Legal Meaning and Definition
Here is a simplified definition of the legal term Commission.
A payment typically calculated as a percentage of the value of goods or services sold. This is often given in addition to a regular salary, serving as an incentive for increased productivity.
Example: A sales employee might earn a commission for every product they sell beyond a certain target.
A group of people officially appointed by an authority (like a government) to perform specific tasks or duties.
Example: An Election Commission may be created to organize and oversee voting in an election.