Deferred Acquisition Costs – DAC definition explanation

What is Deferred Acquisition Costs – DAC?
Typically used in the insurance industry, this is when a company defers the sales costs that are associated with acquiring a new customer over the term of the insurance contract. Read more for examples and further explanation including related video clips and also comments

Example explains Deferred Acquisition Costs – DAC
Most of the sales costs arise from referral commissions to external distributors and brokers.

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