ILLEGITIMATE COMMISSION Meaning and
Definition
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The term "illegitimate commission" refers to a form of compensation or payment that is obtained through dishonest or unauthorized means, typically in relation to a business transaction or professional service. It represents a commission that lacks legitimacy due to ethical, legal, or procedural violations.
An illegitimate commission often occurs when an individual or entity receives a financial reward for a transaction that they were not involved in or did not genuinely contribute to. This could include instances of bribery, kickbacks, or undisclosed financial arrangements that are intended to influence or manipulate a business deal or transaction.
Engaging in illegitimate commission practices is considered unethical and illegal in many jurisdictions, as it undermines the fairness and integrity of commercial activities. Such payments often serve as an incentive for corruption, deceit, or fraudulent practices within the business or professional environment.
The consequences of participating in illegitimate commission schemes can be severe, including legal penalties, loss of reputation, and damage to one's professional standing. Many organizations and regulatory bodies have implemented strict measures and monitoring systems to detect and prevent such practices.
Overall, an illegitimate commission is an unauthorized reward gained through dishonest means that violates accepted professional and ethical standards. It is essential for individuals and organizations to maintain transparency, honesty, and integrity in their financial transactions to ensure their actions align with legal and moral principles.
Common Misspellings for ILLEGITIMATE COMMISSION
- i llegitimate commission
- il legitimate commission
- ill egitimate commission
- ille gitimate commission
- illeg itimate commission
- illegi timate commission
- illegit imate commission
- illegiti mate commission
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- illegitimate c ommission
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- illegitimate commissio n
Etymology of ILLEGITIMATE COMMISSION
The term "illegitimate commission" combines two words, each with its own etymology:
1. Illegitimate: The word "illegitimate" comes from the Latin word "illegitimus", which is a combination of "in" (not) and "legitimus" (lawful, legitimate). The prefix "in-" negates the meaning of the word, giving it the sense of "not lawful" or "not legitimate". Over time, the word was adopted into English and has been used to describe something that is not authorized, valid, or recognized by the law or established rules.
2. Commission: The word "commission" comes from the Latin word "commissio", which is derived from the verb "committere" - meaning "to entrust" or "to commit".
