DAC Definition

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DAC, in accounting, is an acronym for Deferred Acquisition Costs.

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TIME SERIES is an ordered sequence of values of a variable at equally spaced time intervals.

OTHER COMPREHENSIVE BASIS OF ACCOUNTING (OCBOA) means a definite set of criteria, other than accounting principles generally accepted in the United States of America or International Financial Reporting Standards (IFRSs), having substantial support underlying the preparation of financial statements prepared pursuant to that basis.

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