Nolo's Plain-English Law Dictionary
Need Professional Help? Talk to a Lawyer
Enter Your Zip Code to Connect with a Lawyer Serving Your Area
- 1) A fee paid to an agent or employee for performing a specific service, as distinguished from regular payments of wages or salary. 2) A group appointed by law to conduct government business, especially regulation. Examples include a local planning or zoning commission, the Securities and Exchange Commission (SEC), and the Federal Trade Commission (FTC).