Licensing

Insurance Agent
An insurance agent is a representative of an insurance company who sells the firm's policies. Independent agents sell the policies of many companies. Agents must be licensed to sell insurance in the states where they solicit customers.
Intellectual Property
Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.
Permit Bond
A Permit Bond is a type of surety bond required by a government agency to ensure that businesses or individuals comply with laws and regulations governing a specific activity requiring a permit.
Real Estate Broker
A Real Estate Broker arranges the purchase or sale of property for a buyer or seller in return for a commission. Brokers must be licensed by the state, and salespeople, who are also licensed, work under brokers.
Registered Representative (RR)
A registered representative (RR) is an employee of a broker/dealer member of a stock exchange who acts as an account executive for clients.
Salesperson
A salesperson is an individual whose primary responsibility is selling products, services, or investments. Salespersons in various industries, such as real estate, insurance, and securities, are often required to hold licenses.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.