First Year Commission,

What is First Year Commission?

  1. First Year Commission can be defined as, The first year's commission is the commission that the insurer pays to the broker for the sale of new policies. This payment is a percentage of the first year's premium that the policyholder pays for the new policy.

Literal Meanings of First Year Commission

First:

Meanings of First:

  1. Be the first to arrive on time or be the first to order in advance.

  2. Especially in place, location or importance.

  3. With a particular party or individual holding any position.

Sentences of First

  1. Your first wife

  2. The first duty of a doctor is to respect this right.

  3. Was the first person to set a cookie in the river

Synonyms of First

chief, earliest, foremost, principal, top, highest, introductory, uppermost, utmost, leading, original, prime, major, paramount, main, initial, greatest, opening, topmost

Year:

Meanings of Year:

  1. The time it takes for the earth to revolve around the sun.

  2. A period of 365 days (or 366 days in a leap year) beginning January 1, used to calculate time in normal business transactions. 365 days from any date. It usually takes one year depending on the quality of the product. Time period is used to calculate time according to other calendars.

  3. Age or duration of age.

  4. Very old

  5. A group of students clustered around the same age, most of them attending the same school or university in the same school year.

Sentences of Year

  1. About half of Americans know that it takes a year for the earth to orbit the sun.

  2. Your salary will be charged at the same rate each month for a calendar year.

  3. Most of the girls in my year drop out of school at the end of the semester.

Synonyms of Year

form, stream, set, school group, number of years, length of life, class, lifetime, study group, band, duration

Commission:

Meanings of Commission:

  1. A construction request or approval (such as a building, equipment or artwork)

  2. Build while working (something newly developed, such as a factory or machine).

  3. Appointment (of an individual) as an Army Officer.

  4. An instruction, order or responsibility given to a person or group of people.

  5. A group of people formally accused a particular function.

  6. Cash, usually a fixed percentage of its value, is paid to the agent as part of a business transaction.

  7. Court order relating to the rank of officer in the army, army, navy or air force.

  8. Commit a crime or offense.

Sentences of Commission

  1. We had some trouble turning on the heater.

  2. Cadets were assigned after school

  3. Get a commission for working as an informant

  4. Foreign banks may receive commissions

  5. Resigned

  6. Use of deadly weapons in the criminal commission

Synonyms of Commission

exercise, performance, advisorate, place an order for, contract for, committal, pay for, fee, mission, order, committee, put in an order for, advisory body, consideration, honorarium, ■■■■■■■■■, bonus, committing, council, delegation, portion, perpetration

First Year Commission,

How Do You Define First Year Commission?

The first year's commission is the commission that the insurer pays to the broker for the sale of a new policy. This payment is one percent of the first year's premium paid by the policyholder for the new policy.

Literal Meanings of First Year Commission

First:

Meanings of First:

  1. Mainly because of their location, location or importance.

  2. In a leadership position with a particular party or person.

Sentences of First

  1. The car was about to dive into the river first.

Synonyms of First

cardinal, foundation, focal, best, champion, winner's, dominant, most important, prevailing, supreme, pivotal, essential, crucial, vital, central, winning, beginning, of greatest importance, rudimentary, predominant

Year:

Meanings of Year:

  1. A period of 365 days (or 366 days in a leap year) from January 1, which is normally used to calculate time.

  2. Your age or the time of your life.

  3. Very long life.

  4. A group of students is clustered around the same age, most of whom go to school or university in the same academic year.

Sentences of Year

  1. He has a cool personality that is beyond his age.

  2. It took years to recover.

Commission:

Meanings of Commission:

  1. Instructions, commands or actions given to a person or group.

  2. A group of people assigned by the government or other government agency to do something.

  3. An amount, usually a certain percentage of the relevant amount, paid to an agent in a business transaction.

  4. Mandates that rank officers in the Army, Navy or Air Force.

  5. Production request or approval of (something).

  6. (Something new) is at work.

  7. Position of an officer (one person) in the Army, Navy or Air Force.

Sentences of Commission

  1. One of his first tasks was to redesign the building for a great exhibition.

  2. A commission was formed to investigate the complaint.

  3. Committing a criminal act that can be blamed.

  4. This picture was taken by his widow in 1792.

  5. Recruitment in the Royal Marines

Synonyms of Commission

directorate, percentage, rake-off, bespeak, office, whack, slice, take, employment, quantum, piece of work, piece of the action, board of commissioners, apportionment, share, responsibility, tip, duty, authorize, endeavour, undertaking, solution