Definition, Meaning & Synonyms
commission-fee
Noun
/kəˈmɪʃ.ən fiː/
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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.
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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.
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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.
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Synonyms
- brokerage fee
- service charge
- sales commission