Deferred commission definition

Deferred commission means a commission that is
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Deferred commission means a commission that is earned and is not yet payable.
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Deferred commission means the gross underwriting commission payable by the Company to the joint global coordinators appointed by the Company11 in connection with the Offering equal to 1.5% of the aggregate proceeds of the Offering;
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Examples of Deferred commission in a sentence

  • Deferred commission costsCosts incurred to obtain or fulfill a contract with a customer were previously expensed as incurred.

  • Deferred commission income is presented under other liabilities and provisions in the accompanying consolidated financial statements.Liability adequacy test: At each reporting date, a liability adequacy test is performed, to ensure the adequacy of unearned premiums net of related deferred acquisition costs.

  • Deferred commission cost assets Under IFRS 15, we defer incremental commission costs paid to internal and external representatives as a result of obtaining contracts with customers as deferred commission cost assets and amortize them to operating expenses over the pattern of the transfer of goods and services to the customer, which is typically evenly over either 12 or 24 consecutive months.

  • Deferred commission incomes are amortized systematically over the life of the contracts at each reporting date.

  • Deferred commission cost assetsWe defer the incremental cost of obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.

  • Deferred commission income relates to commissions received on ceded reinsurance businesses but not yet earned as at reporting date.

  • Deferred commission cost assetsWe defer the incremental cost to obtain or fulfill a contract with a customer over their expected period of benefit to the extent they are recoverable.

  • The employee must then be paid extra compensation at one-half of that rate for each hour worked in excess of the applicable max- imum hours standard.§ 778.119 Deferred commission pay- ments—general rules.If the calculation and payment of the commission cannot be completed until sometime after the regular pay day for the workweek, the employer may dis- regard the commission in computing the regular hourly rate until the amount of commission can be ascertained.

  • Other Liabilities These include: 7,101 7,7668,944 9,3133,224 3,384 19,269 20,4632014 2013 Payables and accrued expenses Insurance balances payable Deferred commission income Total Insurance balances payable include amounts payable to reinsurers and brokers.

  • Deferred commission is calculated on a pro-rata basis in respect of each insurance policy.


More Definitions of Deferred commission

Deferred commission is all commissions that are capitalized and not yet recognized as costs.” ““Deferred Revenue” is all amounts received or invoiced in advance of performance under contracts and not yet recognized as revenue.”
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Related to Deferred commission

  • Deferred Compensation means the Compensation elected by the Participant to be deferred pursuant to the Plan.

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Company Benefit Plan has the meaning specified in Section 4.13(a).

  • Covered Compensation means any Incentive-Based Compensation granted, vested or paid to a person who served as an Executive Officer at any time during the performance period for the Incentive-Based Compensation and that was Received (i) on or after October 2, 2023 (the effective date of the Nasdaq listing standards), (ii) after the person became an Executive Officer, and (iii) at a time that the Company had a class of securities listed on a national securities exchange or a national securities association such as Nasdaq.

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Company Employee Benefit Plan means each Employee Benefit Plan that is maintained, sponsored or contributed to (or required to be contributed to) by any of the Group Companies or under or with respect to which any of the Group Companies has any Liability.