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commission
(redirected from commissionable)

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commission

Fee charged for facilitating a transaction. Commission is usually based on a percentage of the price paid by the consumer, and is normally received by an intermediary who deals with both the consumer and the supplier of the good or service. A salesperson, for example, will receive commission as a proportion of the monetary value of every sale they make. An insurance broker will be paid a commission, based on a percentage of the insurance premium, by the insurer of the risk. The commission was a convenient way of rewarding a broker for introducing business to a company. The advent of direct selling, and financial scandals such as the mismanagement of pensions, has led to a reappraisal of the commission method of payment, with many brokers offering a flat fee as an alternative.

Commission payments are a type of piece rate payment. Usually a worker is paid a basic wage and earns commission on top of that. However, some workers are employed on a commission-only basis where all their earnings are made up of commission payments.


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Since 1993, FareBuzz has set the standard in offering Premium Class tickets and in providing the most competitive published Consolidator and commissionable fares.
a) Subject to change and commissionable to travel agents.
a) Subject to availability and commissionable to travel agents.
 
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