deferred acquisition costs (DAC)

Definition

This involves holding off on recognizing costs related to insurance until the legal agreement has been signed by the insurance firm and the client.

Related Videos




http://www.businessdictionary.com/definition/deferred-acquisition-costs-DAC.html

Today's Top Bulls

72% Bullish
(36 Votes)
70% Bullish
(103 Votes)
69% Bullish
(26 Votes)
Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z