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What does FYC stand for?

FYC stands for First-Year Commission

This definition appears somewhat frequently and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other definitions of FYC

Other Resources:
We have 28 other meanings of FYC in our Acronym Attic

Samples in periodicals archive:

Dennis Zahrbock, CFR CLU, ChFC Many years ago the life insurance industry paid a reasonable first-year commission and a reasonable annual renewal commission.
Under terms of the agreement, the commission, the core of an agent's compensation, is based on three factors: the size of the agent's "book-of-business" (the dollar amount of premiums associated with an agent's sales), the "persistency rate" (the degree to which the policies the agent sells stay in force, basically over a 10-year period), and an agent's first-year commissions.