Code and Commission

noun

• A set of rules or principles or laws (especially written ones.
  • synonyms: codification
• A coding system used for transmitting messages requiring brevity or secrecy.
• Computer science. ( the symbolic arrangement of data or instructions in a computer program or the set of such instructions)
  • synonyms: computer code

verb

• Attach a code to.
  • usage: "Code the pieces with numbers so that you can identify them later"
• Convert ordinary language into code.
  • usage: "We should encode the message for security reasons"
  • synonyms: encipher, cipher, cypher, encrypt, inscribe, write in code

• (n.) A body of law, sanctioned by legislation, in which the rules of law to be specifically applied by the courts are set forth in systematic form; a compilation of laws by public authority; a digest.
• (n.) Any system of rules or regulations relating to one subject; as, the medical code, a system of rules for the regulation of the professional conduct of physicians; the naval code, a system of rules for making communications at sea means of signals.

noun

• A special group delegated to consider some matter."a committee is a group that keeps minutes and loses hours" - Milton Berle
  • synonyms: committee
• A fee for services rendered based on a percentage of an amount received or collected or agreed to be paid (as distinguished from a salary. )
  • usage: "he works on commission"
• The act of granting authority to undertake certain functions.
  • synonyms: commissioning
• The state of being in good working order and ready for operation.
  • usage: "put the ships into commission"; "the motor was out of commission"
• A group of representatives or delegates.
  • synonyms: deputation, delegation, delegacy, mission
• A formal statement of a command or injunction to do something.
  • usage: "the judge's charge to the jury"
  • synonyms: charge, direction
• An official document issued by a government and conferring on the recipient the rank of an officer in the armed forces.
  • synonyms: military commission
• The act of committing a crime.
  • synonyms: perpetration, committal
• A special assignment that is given to a person or group.
  • usage: "a confidential mission to London"; "his charge was deliver a message"
  • synonyms: mission, charge

verb

• Put into commission; equip for service; of ships.
• Place an order for.
• Charge with a task. .

• (v.t.) To give a commission to; to furnish with a commission; to empower or authorize; as, to commission persons to perform certain acts; to commission an officer.
• (n.) 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.
• (n.) A formal written warrant or authority, granting certain powers or privileges and authorizing or commanding the performance of certain duties.
• (n.) The acting under authority of or on account of, another.
• (n.) The duty or employment intrusted to any person or persons; a trust; a charge.
• (n.) A certificate conferring military or naval rank and authority; as, a colonel's commission.
• (n.) A company of persons joined in the performance of some duty or the execution of some trust; as, the interstate commerce commission.
• (n.) The act of intrusting; a charge; instructions as to how a trust shall be executed.
• (n.) The thing to be done as agent for another; as, I have three commissions for the city.
• (v.t.) To send out with a charge or commission.
• (n.) The act of committing, doing or performing; the act of perpetrating.

Securities brokers and other sales agents charge a' Commission', or sales charge on each transaction. With traditional, full-service brokers, the charge is usually a percentage of the total cost of the trade, though some brokers may offer favorable rates to heavy traders. Online brokerage firms, on the other hand, usually charge a flat fee for each transaction, regardless of the value of the trade. The flat fee may have certain limits, however, such as the number of shares being traded at one time. The commissions on some transactions, such as stock trades, are reported on your confirmation slip. But commissions on other transactions are not reported separately. In the case of cash value life insurance, for example, the commission may be as larage as a year's premium.