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"receive commission" is a correct phrase and is commonly used in written English.
It means to receive a percentage of the money earned from a sale or business transaction. Example: "The sales team will receive commission for each product they sell."
Exact(16)
Our Price's prospectus said it would receive commission on discounted products offered through its website.
If the customer goes on to pay all their debts, the CCCS will then receive commission – usually around 10 per cent – from the lender.
That way, if C. V. Starr does not yet profit from the underwriting of a line of insurance, it can still receive commission income by selling it.
Southern's RPOs earn commission from penalty fares (up to 5% of revenue gained), while London Midland revenue protection employees do not receive commission.
While we may receive commission from such Providers, the content of our articles are not in any way influenced by the Providers.
Herman Kumara, as national fisheries advocate, blames corruption between governments and the private sector: "A number of top-level ministers and politicians receive commission from the private companies fishing and parking their vessels in Sri Lankan waters, so they don't care that the livelihood of their own fisher people is under threat".
Similar(44)
The final rule described which communications from an investment adviser would constitute investment advice (and therefore require an exemption to receive commission-based compensation) and which would not.
The FAQs clarified that an IMO can continue to receive commission-based compensation if it works with an insurance company that complies with the BIC exemption.
Under the final rule, IMOs are not able to utilize the BIC exemption to receive commission-based compensation for investment recommendations.
As a result, the rule limits commission-based compensation for financial adviser's retirement advice unless the adviser's firm uses one of the rule's exemptions, in particular the Best Interest Contract exemption (BIC exemption), which would allow advisers to continue to receive commission-based compensation under certain conditions.
The BIC exemption allows advisers to continue to receive commission-based compensation for products acquired by an investor before April 10, 2017 (i.e., grandfathering), but the industry expected that grandfathered status would be voided if additional amounts were invested in the product.
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