| 单词 | initial commission |
| 释义 | initial commission in Insurance (ɪnɪʃəl kəmɪʃən) noun Related wordsCompare initial commission with a trail commission, that is a further commission of between 0.1 and 1 percent that is paid to an adviserprovided that the client’s funds remain invested in the product for a specified time.(Insurance: Sales and distribution) Initial commission is commission that is paid to someone who sells or recommends a financial product for the first time. On an introduction of business to the insurer, the agent is typically paid an upfrontinitial commission to reward both the prospecting costs and the sales effort. After the successful sale of an insurance product, regardless of the specific typeof policy, the agent who is responsible for acquiring the new client and closing thedeal will be paid an initial commission. Initial commission is commission that is paid to someone who sells or recommends a financial productfor the first time. |
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