How To Define Expense Allowance?
Life insurance brokers are compensated, as well as a commission to cover some of their expenses during their activity.
Expenditure allowance is the amount that the insurer pays to the broker, excluding the money collected from the commission. This money can be used to cover business-related expenses prior to the transaction.
Some states have a limit on the amount agents can charge for their expenses.
Literal Meanings of Expense Allowance
Meanings of Expense:
Compensation (item of expenses) as tax-related expenses.
The price of something, the money spent on something.
Sentences of Expense
Up to $ 17,500 in capital costs can be recovered this year.
We order garments at high prices.
Synonyms of Expense
Meanings of Allowance:
Regularly give (someone) some money as a gift.
The amount of something that is allowed, especially in a set of rules or for a specific purpose.
Sentences of Allowance
He talks about travel expenses, but he has nominated social workers and is not allowed to leave his residence for more than three days.
Seventy-five pounds check bag allowance.