Remuneration that a broker receives for the brokerage of business. The amount is specified for the broker, mostly a percentage or per mille value of the business that he or she brought. Free-lance brokers (stock exchange, insurance) do not usually have fixed brokerage rates - these are agreed upon individually for each case. The brokerage differs from the acquisition commission in that the same percentage of the contribution or another basis amount is paid yearly throughout the entire duration of the contract. This applies for as long as the contract is valid or the contract customer is paying contributions and the broker is managing the contract (in agreement with the sold-to party). Brokerage is remunerated for a period-based activity.
Example:
An insurance broker provides a life insurance. For this business, the broker receives a brokerage of 40%. If the contract is cancelled during the liability period, the broker must repay the relevant proportion of the brokerage.
More terms such as brokerage (ICM) in Dictionary B.
- Manual Back To Top:
- Help A hyperlink in the title bar of the assignment block to navigate back to the top of an overview page brokerage (icm) definition.
- Manual Buyback:
- Help Refinanzierter Vermögenswert wird aus laufender Refinanzierungs- transaktion zum Barwert zurückgekauft brokerage (icm) explain.
- Manual Button Group:
- Help Web item that allows you to display buttons with defined commands from the Web Design API brokerage (icm) what is.
- Manual Business Event Demand:
- Help business event dates of an event type that must be scheduled to meet demand. Demand is determined using Prebookings received for the event type Bookings made the previous year Demand statistics from brokerage (icm) meaning.
- Manual BI XMLA Connector:
- Help for the Business Intelligence domain based on Microsoft's XMLA (XML for Analysis), which facilitates Web services-based, platform-independent access to OLAP providers. The BI XMLA Connector may brokerage (icm) abbreviation.
