Overriding commission

Overriding commission,

Definition of Overriding commission:

  1. A commission paid to an agent or broker on business sold by subagents in his or her territory. This term can also refer to an amount paid to a ceding company in addition to the acquisition cost to compensate for overhead expenses.

Meaning of Overriding commission & Overriding commission Definition

Overriding Commission,

How Do You Define Overriding Commission?

Overriding Commission means: In the case of insurance, the commission pays the agent or general managing agent through the insurance company for the amount of premium paid by other agents in a geographical area. A commission is paid to a seller in exchange for insurance payments.

Definition of Overriding Commission: The commission is paid to the agent's office manager based on the activities performed by the agent working in the office.

Literal Meanings of Overriding Commission

Overriding:

Meanings of Overriding:
  1. More important than any other consideration.

  2. Lie down or move, especially when in close contact.

Sentences of Overriding
  1. You urgently need advice

  2. Marine lithosphere beneath dominant continental plates

Synonyms of Overriding

most prominent, first, major, prevailing, highest, supreme, of supreme importance, dominant, foremost, main, primary, top, chief, paramount, pre-eminent, predominant, uppermost, essential, of greatest significance, first and foremost

Commission:

Meanings of Commission:
  1. Directing, mandating or assigning an individual or a group of individuals.

  2. A group of people is formally assigned to a specific role.

  3. In business transactions, an amount of money, usually a fixed percentage of its value, is paid to the agent.

  4. The court ordered that the rank of officer of the army, navy or air force be established.

  5. Operate (something recently developed, such as a factory or machine).

Sentences of Commission
  1. Get commissions for activities as an informant

  2. We had some trouble turning on the heater.

  3. Appointed after studying in aspiring school

Synonyms of Commission

honorarium, project, perpetration, execution, contract for, percentage, bonus, convocation, committing, fee, board, solution, endeavour, exercise, panel, advisorate, mission, board of commissioners, enterprise, brokerage, work, committal, piece of work

Overriding Commission,

Definition of Overriding Commission:

  • The wages paid for the transfer of companies, in addition to the costs incurred in terms of indirect costs, usually include profit margins.

Literal Meanings of Overriding Commission

Overriding:

Synonyms of Overriding

focal, preponderant, most important, pivotal, cardinal, leading, principal, central, outstanding, of greatest importance, key, of prime importance

Commission:

Synonyms of Commission

advisory body, task, place an order for, performance, delegation, undertaking, gratuity, order, pay for, employment, put in an order for, council, consideration, tip, directorate, premium, committee, assignment, dividend, job, share, portion