Definition, Meaning & Synonyms

commission-fee

Noun

/kəˈmɪʃ.ən fiː/

Definition

A commission-fee is a payment made to a person or organization for carrying out a specific task, typically related to sales or services, often calculated as a percentage of the total amount involved in the transaction.

Examples

When you sell a property through an agent, you usually pay a commission-fee which is a percentage of the sale price.
The company offers a low commission-fee structure to attract more sales representatives.
She was surprised by the high commission-fee added to the final invoice for the service rendered.

Meaning

This fee is commonly associated with business transactions, where a broker or agent earns a commission based on the sales they facilitate or the services they provide.