Collection fee

Collection fee,

Definition of Collection fee:

  1. Fees paid to insurance agents for depositing insurance premiums

Meaning of Collection fee & Collection fee Definition

Collection Fee,

Definition of Collection Fee:

  1. Amount received by an approved life insurance broker as compensation for receiving premium instead of commission.

  2. The collection fee is the compensation received by the policyholder's insurance agent for successful collection of insurance premiums. This fee is paid by the insurance company that issued the policy.

Literal Meanings of Collection Fee

Collection:

Meanings of Collection:
  1. The act or process of bringing someone or something together.

  2. A group of things or people.

Sentences of Collection
  1. Maple shell vest

  2. Labyrinth Collection

Synonyms of Collection

throng, group, crowd, body, assembly, troupe, company, assemblage, gathering

Fee:

Meanings of Fee:
  1. Pay (someone) for a service.

  2. Payment to professional or professional bodies or the public in exchange for advice or services.

  3. One virtue, especially that which remains in the feudal professions.

Sentences of Fee
  1. Other users are being offered a discount on the purchase of software through a free online service, which is now ongoing.

  2. There is a legal fee of 000 3,000

Synonyms of Fee

reimburse, emolument, handout, reward, recompense, wage, allowance, stipend, salary, payment, give payment to, pay

Collection Fee,

Collection Fee Meanings:

  • Amount received by an approved life insurance broker as compensation for depositing premium instead of commission.

  • Collection fee is the compensation received from the policyholder's insurance agent for successful collection of insurance premium. This fee is paid by the insurance company that issued the policy.

Literal Meanings of Collection Fee

Collection:

Meanings of Collection:
  1. University exams are taken at the beginning or end of the semester, mainly at Oxford University.

Sentences of Collection
  1. Data collection

  2. Collection of mazes

Synonyms of Collection

load, knot, gang, number, stream, band, flock, swarm, horde, pack, drove, bevy, gaggle, mob, cluster, party, crew, multitude, huddle

Fee:

Meanings of Fee:
  1. Payment for advice or services to a professional, professional or public body.

  2. State domains, especially those maintained under feudal terms of service.

Sentences of Fee
  1. legal 3000 with legal fees. Face

Synonyms of Fee

rate, earnings, honorarium, tariff, remuneration, commission, dues, cost, consideration, charge, sum, price, toll, percentage, figure, amount

Collection Fee,

What is Collection Fee?

Amount received from an approved life insurance broker as compensation for charging premium instead of commission.

Literal Meanings of Collection Fee

Fee:

Meanings of Fee:
  1. Payment to professional or professional bodies or the public for advice or services.