Agent's Balance

Agent's Balance

A commission that an insurance company owes to an insurance agent but has not paid. The agent's balance is created when the agent sells a policy to a client. It is a percentage of the amount the insurance company makes from the new policyholder.
References in periodicals archive ?
The thing is, George has been dipping into the cash and now, with the travel agent's balance outstanding, he's having to resort to desperate measures to come up with the lolly.