Commission

 

Meaning of the word: Commission

The Commission is a reward for the agreed deal, which is agreed on the basis of the agreement. For example, in the insurance industry may earn commissions for customers, who will bring a new client. The Commission is usually derived as a share of the negotiated trade. The Commission is usually obtained by real estate agents, sellers of or services, and others.

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Regress

Regress is sanctioning, awarded by the insurance company. The insurance company shall be entitled to repayment of part or the whole of the insurance…

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