Commission is payment to a broker of part of the profits from a sale. If an insurance company pays commission to an intermediary, they pay them a fee for selling an insurance policy. Commission is payment of part of the revenues or profits from a sale or deal that is paid to the person who arranged or facilitated the deal.
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AGREEMENT definition: 1. the situation in which people have the same opinion, or in which they approve of or accept…. Learn more. Agreement is the state or act of agreeing, meaning coming to a mutually approved arrangement.
