Federal Maritime Commission (FMC)


 

Home
Site Map
Add Term
Search
About Us
Contributors

Federal Maritime Commission (FMC)

A U.S. government agency that regulates and administers the shipping industry. This agency also grants freight forwarder licenses.



Federal Maritime Commission (FMC)

Similar Matches

Commission

Commission

Compensation due a real estate broker for acting on behalf of the principal.


Commission

Commission

Payment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs.


Futures Commission Merchant

Futures Commission Merchant

In the US, an individual or organisation accepting orders to buy or sell futures contracts or futures options, and accepting payment for his services. FCMs must be registered with the CFTC and the NFA.


Fee and commission compensation

Fee and commission compensation

See: Fee-based compensation


Indemnity commission

Indemnity commission

Where a life company pays commission to an agent, the company does so on the proviso it will be entitled to take back some or all of the commission if the policy is cancelled within a given period. Also known as 'clawback'.


Further Suggestions

commission house
Securities and Exchange Commission
Futures commission merchant (FCM)
Commission broker
International Organization of Securities Commissioners
Commodity Futures Trading Commission
Underwriting Commission
Securities and Exchange Commission Rules
Commission
Securities & Exchange Commission (SEC)
Commission house
Commodity Futures Trading Commission (CFTC)
Split commission


 
All rights Reserved. Do not copy without permission.