Vermittlungsentgelt

German

Etymology

Vermittlung (mediation; placement) +‎ -s- (connecting element) +‎ Entgelt (remuneration; fee)

Pronunciation

  • IPA(key): /fɛɐ̯ˈmɪtlʊŋsʔɛntˌɡɛlt/
  • Hyphenation: Ver‧mitt‧lungs‧ent‧gelt

Noun

Vermittlungsentgelt n (strong, genitive Vermittlungsentgeltes or Vermittlungsentgelts, plural Vermittlungsentgelter)

  1. (finance, commerce, law) finder's fee, brokerage fee, commission (a sum of money paid to an agent or intermediary for successfully arranging a transaction or contract)
    Das Vermittlungsentgelt wird erst fällig, wenn der Hauptvertrag wirksam zustande gekommen ist.
    The finder's fee only becomes due once the main contract has been effectively concluded.
    In der Versicherungswirtschaft ist das Vermittlungsentgelt oft bereits in den Prämien einkalkuliert.
    In the insurance industry, the commission is often already factored into the premiums.
Declension

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