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. 08 December 2018. <https://www.yourdictionary.com/deferred-acquisition-cost>.
deferred acquisition cost. (n.d.). Retrieved December 08th, 2018, from https://www.yourdictionary.com/deferred-acquisition-cost
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