COMMISSIONABLE Meaning and
Definition
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Commissionable refers to the quality or characteristic of being eligible for a commission. The term is commonly used in the context of sales and business transactions where individuals or entities are entitled to receive a percentage or a fixed amount of money as compensation for their role in successfully completing a sale or securing a business deal.
In sales scenarios, commissionable typically refers to products, services, or deals that are eligible for commission payouts. It means that the sale of these specific items or transactions has been predetermined to offer commission rewards to the salesperson or broker involved. The commission payment is usually calculated based on a pre-established percentage or a fixed monetary value agreed upon in advance.
The commissionable status of a product or deal is important because it serves as a motivation and incentive for salespeople to actively promote and encourage the sale of these items or transactions. It rewards their efforts and ensures that they are fairly compensated for their role in generating revenue.
Furthermore, commissionable can also refer to certain jobs or positions where individuals are entitled to receive a commission as part of their compensation. For instance, some sales or business development roles offer a commission-based salary structure, where a significant portion of the employee's income is derived from commissions earned on successful sales or deals closed.
Overall, commissionable describes the deservingness of a commission payment and highlights the relationship between successful sales, deals, or services rendered and the compensation received by those involved.
Common Misspellings for COMMISSIONABLE
- xommissionable
- vommissionable
- fommissionable
- dommissionable
- cimmissionable
- ckmmissionable
- clmmissionable
- cpmmissionable
- c0mmissionable
- c9mmissionable
- conmissionable
- cokmissionable
- cojmissionable
- comnissionable
- comkissionable
- comjissionable
- commussionable
- commjssionable
- commkssionable
- commossionable
Etymology of COMMISSIONABLE
The word "commissionable" originates from the combination of two elements: "commission" and the suffix "-able".
The term "commission" derives from the Latin word "commissio", which means "sending together" or "entrusting". It eventually entered English in the late 14th century, referring to the formal authority granted to an individual or group to perform a specific task or duty. It commonly relates to the act of granting or receiving a fee or percentage of a sale as compensation for sales or services.
The suffix "-able" originates from Old French and Latin, usually denoting capacity, capability, or ability. It is often added to verbs to create adjectives, signifying",able to be", or "capable of". In the case of "commissionable", it indicates something or someone that is eligible to receive a commission.
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