Commission merchant

Commission merchant
Commission Com*mis"sion, n. [F., fr. L. commissio. See {Commit}.] 1. The act of committing, doing, or performing; the act of perpetrating. [1913 Webster]

Every commission of sin introduces into the soul a certain degree of hardness. --South. [1913 Webster]

2. The act of intrusting; a charge; instructions as to how a trust shall be executed. [1913 Webster]

3. The duty or employment intrusted to any person or persons; a trust; a charge. [1913 Webster]

4. A formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties. [1913 Webster]

Let him see our commission. --Shak. [1913 Webster]

5. A certificate conferring military or naval rank and authority; as, a colonel's commission. [1913 Webster]

6. A company of persons joined in the performance of some duty or the execution of some trust; as, the interstate commerce commission. [1913 Webster]

A commission was at once appointed to examine into the matter. --Prescott. [1913 Webster]

7. (Com.) (a) The acting under authority of, or on account of, another. (b) The thing to be done as agent for another; as, I have three commissions for the city. (c) The brokerage or allowance made to a factor or agent for transacting business for another; as, a commission of ten per cent on sales. See {Del credere}. [1913 Webster]

{Commission of array}. (Eng. Hist.) See under {Array}.

{Commission of bankruptcy}, a commission appointing and empowering certain persons to examine into the facts relative to an alleged bankruptcy, and to secure the bankrupt's lands and effects for the creditors.

{Commission of lunacy}, a commission authorizing an inquiry whether a person is a lunatic or not.

{Commission merchant}, one who buys or sells goods on commission, as the agent of others, receiving a rate per cent as his compensation.

{Commission officer} or {Commissioned officer}, (Mil.), one who has a commission, in distinction from a noncommissioned or warrant officer.

{Commission of the peace}, a commission under the great seal, constituting one or more persons justices of the peace. [Eng.]

{on commission}, paid partly or completely by collecting as a commision a portion of the sales that one makes.

{out of commission}, not operating properly; out of order.

{To put a vessel into commission} (Naut.), to equip and man a government vessel, and send it out on service after it has been laid up; esp., the formal act of taking command of a vessel for service, hoisting the flag, reading the orders, etc.

{To put a vessel out of commission} (Naut.), to detach the officers and crew and retire it from active service, temporarily or permanently.

{To put the great seal into commission} or {To put the Treasury into commission}, to place it in the hands of a commissioner or commissioners during the abeyance of the ordinary administration, as between the going out of one lord keeper and the accession of another. [Eng.]

{The United States Christian Commission}, an organization among the people of the North, during the Civil War, which afforded material comforts to the Union soldiers, and performed services of a religious character in the field and in hospitals.

{The United States Sanitary Commission}, an organization formed by the people of the North to co["o]perate with and supplement the medical department of the Union armies during the Civil War.

Syn: Charge; warrant; authority; mandate; office; trust; employment. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

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Look at other dictionaries:

  • commission merchant — n. a person who buys or sells goods for others on a commission basis * * * …   Universalium

  • commission merchant — n. a person who buys or sells goods for others on a commission basis …   English World dictionary

  • commission merchant — index broker Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • commission merchant — A term nearly, if not exactly, synonymous to factor, the term factor being more common in the language of the law, and the term commission merchant more familiar in the language of commerce. I. J. Cooper Rubber Co. v Johnson, 133 Tenn 562, 182 SW …   Ballentine's law dictionary

  • commission merchant — noun : factor 1a * * * commission agent or commission merchant noun A person who transacts business for another for a commission • • • Main Entry: ↑commission * * * commission merchant, a person who buys or sells goods for others who pay him a… …   Useful english dictionary

  • commission merchant — A term which is synonymous with factor. It means one who receives goods, chattels, or merchandise for sale, exchange, or other disposition, and who is to receive a compensation for his services, to be paid by the owner, or derived from the sale,… …   Black's law dictionary

  • commission merchant — A term which is synonymous with factor. It means one who receives goods, chattels, or merchandise for sale, exchange, or other disposition, and who is to receive a compensation for his services, to be paid by the owner, or derived from the sale,… …   Black's law dictionary

  • commission merchant — n. one who sells for a commission …   English contemporary dictionary

  • commission merchant — noun Date: 1796 broker 1b …   New Collegiate Dictionary

  • Commission Merchant —    A term used in futures markets to describe a firm or individual that makes a trade on behalf of another member of an exchange or for a non member client, but who carries out the trade in their own name and becomes liable as principal.    ► See …   Financial and business terms

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