An asset that is accumulated by life
insurance companies because they are allowed to spread out the expenses from
selling policies, such as commissions, over a multi-year period.
"deferred acquisition cost." YourDictionary, n.d. Web. 17 August 2018. <http://www.yourdictionary.com/deferred-acquisition-cost>.
deferred acquisition cost. (n.d.). Retrieved August 17th, 2018, from http://www.yourdictionary.com/deferred-acquisition-cost