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netizen
Guest
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| Posted: Sun Nov 21, 2004 9:04 pm
Post subject: Residual income |
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What's residual income? How is it different from
commission?
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Skitt
Guest
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| Posted: Sun Nov 21, 2004 9:04 pm
Post subject: Re: Residual income |
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netizen wrote:
| Quote: | What's residual income? How is it different from
commission?
|
Here's what I found Googling "define: residual income":
http://tinyurl.com/6pez7
You can do the same for "commission", or you can look it up at
www.m-w.com
In other words, there are many meanings, and you will have to pick out which
one applies to your context.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Martin Ambuhl
Guest
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| Posted: Mon Nov 22, 2004 12:03 am
Post subject: Re: Residual income |
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netizen wrote:
| Quote: | What's residual income? How is it different from
commission?
|
Since you didn't give a context, we must answer from the contexts we know.
In economics, residual income has nothing to do with commissions. It is
another term for the 'Solow residual,' which is that part of the growth
national income not measured by the growth of labor (using wages as a
surrogate for the marginal product of labor) or by the growth of capital
(using profits as a surrogate for the marginal product of capial). If
nnational income has a residual not accounted for by a (relatively
static) labor and capital model, it must come from somewhere else. That
'somewhere else' is usually called technical progress. No economic
terms used in the foregoing should be considered to have their normal
English meanings.
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netizen
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
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On Sun, 21 Nov 2004 15:31:58 -0500, Martin Ambuhl
<mambuhl@earthlink.net> wrote:
| Quote: | netizen wrote:
What's residual income? How is it different from
commission?
Since you didn't give a context,
|
Here's the context. Residual income is at the bottom:
CAREER OPPORTUNITY: AFLAC SALES ASSOCIATE
AFLAC is currently seeking sales associates. We are looking
for self-motivated professionals to join one of the fastest-
growing career/business opportunities in America.
If you want to begin or further your career in sales, AFLAC
is WHERE YOU WANT TO BE!
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income. |
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don groves
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
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In article <fgb2q0hliv647bg8p33ookc4c7cmo26qqg@4ax.com>, netizen
at netizen@surfsity.com exposited:
| Quote: | On Sun, 21 Nov 2004 15:31:58 -0500, Martin Ambuhl
mambuhl@earthlink.net> wrote:
netizen wrote:
What's residual income? How is it different from
commission?
Since you didn't give a context,
Here's the context. Residual income is at the bottom:
CAREER OPPORTUNITY: AFLAC SALES ASSOCIATE
AFLAC is currently seeking sales associates. We are looking
for self-motivated professionals to join one of the fastest-
growing career/business opportunities in America.
If you want to begin or further your career in sales, AFLAC
is WHERE YOU WANT TO BE!
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income.
|
Humans get the commisions and advances, residual income is how
they pay the duck.
--
dg (domain=ccwebster) |
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Areff
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
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don groves wrote:
| Quote: | In article <fgb2q0hliv647bg8p33ookc4c7cmo26qqg@4ax.com>, netizen
at netizen@surfsity.com exposited:
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income.
Humans get the commisions and advances, residual income is how
they pay the duck.
|
By the way, the AFLAC duck was the subject of an interesting trademark
infringement case, _American Family Life Insurance Co. v. Hagan_. In
2002, Tim Hagan, the Democratic candidate for governor of Ohio, running
against the incumbent Bob Taft, employed web
advertisements that featured an animated character referred to as
"TaftQuack", consisting of Taft's head on the body of a white duck and
having a yellow duck's bill. The TaftQuack character was presented as
quacking the word "Duck" when asked questions, hiding for a moment, and
then quacking "TaftQuack", or responding to segments of Bob Taft's
political commercials by quacking "TaftQuack". Hagan also had a website,
www.taftquack.com.
AFLAC has several trademark and service mark registrations relating to the
AFLAC duck, including service mark 2,607,415, which "consists of the sound
of a duck quacking the word 'AFLAC'".
Here's AFLAC's own description of the duck commercials:
Each of the Duck Commercials feature individuals discussing the use of
supplemental insurance to help pay out-of-pocket costs following an
accident. Each time supplemental insurance is mentioned or one of the
individuals tries to recall AFLAC's name, the Duck supplies the answer,
quacking "AFLAC" with growing annoyance each time it has to repeat
AFLAC's name. The commercials typically end with the Duck screaming
"AFLAC" and engaging in some kind of humorous activity.
In October 2002 AFLAC was denied its motion for a preliminary injunction;
see 266 F.Supp. 2d 682 (N.D. Ohio 2002). I'm not sure what the ultimate
disposition of the case was. Bob Taft was re-elected.
--
Steny '08! |
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Areff
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
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Areff wrote:
| Quote: | By the way, the AFLAC duck was the subject of an interesting trademark
infringement case, _American Family Life Insurance Co. v. Hagan_.
|
Oy! _American Family Life Assurance Co. v Hagan_.
--
Steny '08! |
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Skitt
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
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|
netizen wrote:
| Quote: | Martin Ambuhl wrote:
netizen wrote:
What's residual income? How is it different from
commission?
Since you didn't give a context,
Here's the context. Residual income is at the bottom:
CAREER OPPORTUNITY: AFLAC SALES ASSOCIATE
AFLAC is currently seeking sales associates. We are looking
for self-motivated professionals to join one of the fastest-
growing career/business opportunities in America.
If you want to begin or further your career in sales, AFLAC
is WHERE YOU WANT TO BE!
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income.
|
In this case suspect that it means additional money when the policies you
sell get renewed (continued, even without your involvement). Sort of like
reruns on TV still make money for the actors.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Jess Askin
Guest
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| Posted: Mon Nov 22, 2004 6:05 am
Post subject: Re: Residual income |
|
|
"Areff" <me@privacy.net> wrote in message
news:30ctalF2va80oU1@uni-berlin.de...
| Quote: | don groves wrote:
In article <fgb2q0hliv647bg8p33ookc4c7cmo26qqg@4ax.com>, netizen
at netizen@surfsity.com exposited:
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income.
Humans get the commisions and advances, residual income is how
they pay the duck.
By the way, the AFLAC duck was the subject of an interesting trademark
infringement case, _American Family Life Insurance Co. v. Hagan_. In
2002, Tim Hagan, the Democratic candidate for governor of Ohio, running
against the incumbent Bob Taft, employed web
advertisements that featured an animated character referred to as
"TaftQuack", consisting of Taft's head on the body of a white duck and
having a yellow duck's bill. The TaftQuack character was presented as
quacking the word "Duck" when asked questions, hiding for a moment, and
then quacking "TaftQuack", or responding to segments of Bob Taft's
political commercials by quacking "TaftQuack". Hagan also had a website,
www.taftquack.com.
AFLAC has several trademark and service mark registrations relating to the
AFLAC duck, including service mark 2,607,415, which "consists of the sound
of a duck quacking the word 'AFLAC'".
Here's AFLAC's own description of the duck commercials:
Each of the Duck Commercials feature individuals discussing the use of
supplemental insurance to help pay out-of-pocket costs following an
accident. Each time supplemental insurance is mentioned or one of the
individuals tries to recall AFLAC's name, the Duck supplies the answer,
quacking "AFLAC" with growing annoyance each time it has to repeat
AFLAC's name. The commercials typically end with the Duck screaming
"AFLAC" and engaging in some kind of humorous activity.
In October 2002 AFLAC was denied its motion for a preliminary injunction;
see 266 F.Supp. 2d 682 (N.D. Ohio 2002). I'm not sure what the ultimate
disposition of the case was. Bob Taft was re-elected.
|
Parodies are protected from just about anything. |
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Tony Cooper
Guest
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| Posted: Mon Nov 22, 2004 6:06 am
Post subject: Re: Residual income |
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|
On Sun, 21 Nov 2004 19:10:12 -0500, netizen <netizen@surfsity.com>
wrote:
| Quote: | On Sun, 21 Nov 2004 15:31:58 -0500, Martin Ambuhl
mambuhl@earthlink.net> wrote:
netizen wrote:
What's residual income? How is it different from
commission?
Since you didn't give a context,
Here's the context. Residual income is at the bottom:
CAREER OPPORTUNITY: AFLAC SALES ASSOCIATE
AFLAC is currently seeking sales associates. We are looking
for self-motivated professionals to join one of the fastest-
growing career/business opportunities in America.
If you want to begin or further your career in sales, AFLAC
is WHERE YOU WANT TO BE!
THE AFLAC OPPORTUNITY OFFERS:
Support for the entrepreneur at all organizational levels.
Top commissions, including advance and residual income.
|
An insurance salesman receives a commission when he sells a policy to
a customer. The commission might be X times the monthly premium
amount. The salesman will also receive an amount (smaller than the
original commission) every year the policy remains in force. That's
the residual income. An insurance salesman that stays with the same
company for several years continues to earn money from policies he
sold earlier in his career with the company.
Both the original commission and residual income could be considered
commissions, but the normal usage of "commission" is a percentage or
amount based on the original sale. The term "residual income" is used
to indicate that there will be a continuing commission for that sale.
Not all insurance companies pay residuals, so AFLAC is pointing out
that they do.
The sentence you quoted is badly worded. It makes it sound like
"advance" and "residual income" are two types of income. The
"advance", or "draw", is an amount paid to a salesman each pay period
that is technically a loan to the salesman. They are advancing him
money that he will repay out of future commissions. |
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Athel Cornish-Bowden
Guest
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| Posted: Mon Nov 22, 2004 6:00 pm
Post subject: Re: Residual income |
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|
"Skitt" <skitt99@comcast.net> wrote in message news:<30c84tF2uh3v4U1@uni-berlin.de>...
| Quote: | netizen wrote:
What's residual income? How is it different from
commission?
Here's what I found Googling "define: residual income":
http://tinyurl.com/6pez7
You can do the same for "commission", or you can look it up at
www.m-w.com
In other words, there are many meanings, and you will have to pick out which
one applies to your context.
|
Is it possible that there is a Pondial division on this, or maybe a
division between the way economists talk and the way ordinary human
beings talk? Reading the whole thread has been a surprising
experience, because nobody has mentioned what I supposed to be the
everyday meaning of "residual income" as net income, i.e. what is left
of someone's income after tax and compulsory deductions have been
subtracted. Am I quite wrong in thinking it can ever mean this?
athel
--
Athel Cornish-Bowden
athel@ibsm.cnrs-mrs.fr
http://bip.cnrs-mrs.fr/bip10/homepage.htm |
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Tony Cooper
Guest
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| Posted: Tue Nov 23, 2004 6:04 am
Post subject: Re: Residual income |
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On Mon, 22 Nov 2004 15:22:10 -0800, "Skitt" <skitt99@comcast.net>
wrote:
| Quote: | It would not be a normal usage here. What you are talking about would
simply be called "net income". That's net after taxes and deductions.
Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
|
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures. |
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don groves
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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|
In article <7v65q0de9o82ebrpi8rl7uml1ou1q8kkot@4ax.com>, Tony
Cooper at tony_cooper213@earthlink.net exposited:
| Quote: | On Mon, 22 Nov 2004 15:22:10 -0800, "Skitt" <skitt99@comcast.net
wrote:
It would not be a normal usage here. What you are talking about would
simply be called "net income". That's net after taxes and deductions.
Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
|
Take-home pay and net pay are not always the same anyway. Take-
home pay can be less than net pay if one has a deduction for a
charity, for example, or a savings account.
--
dg (domain=ccwebster) |
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Skitt
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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Tony Cooper wrote:
| Quote: | "Skitt" wrote:
It would not be a normal usage here. What you are talking about
would simply be called "net income". That's net after taxes and
deductions. Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
|
Seeing as how big companies pay their help, professional and other, weekly
or bi-weekly, what would be the more usual usage, huh? Very few of the
people I know have a monthly paycheck.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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Skitt
Guest
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| Posted: Tue Nov 23, 2004 6:07 am
Post subject: Re: Residual income |
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don groves wrote:
| Quote: | Tony Cooper exposited:
"Skitt" wrote:
It would not be a normal usage here. What you are talking about
would simply be called "net income". That's net after taxes and
deductions. Usually, just called the "net".
"Take-home", actually. Usually. In AmE usage.
I wouldn't say "take-home" is right and "net" is wrong. "Take-home"
to me, is a blue collar term used by people that punch time clocks.
"I netted over 100 K last year" would used instead of "My take-home
was over 100 K" for those in that bracket. People who talk about
"take-home" are talking about a weekly or bi-weekly check. People
who refer to their net are talking income figures.
Take-home pay and net pay are not always the same anyway. Take-
home pay can be less than net pay if one has a deduction for a
charity, for example, or a savings account.
|
That is true. I had both deductions.
--
Skitt (in Hayward, California)
www.geocities.com/opus731/ |
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