DAC Definition

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

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Y as the fifth letter of a Nasdaq stock symbol indicates that the stock is an ADR.

INVESTMENT BANKER is an underwriter who serves as a middleman between a corporation issuing new securities and the public. Usually, an investment banker, or several investment bankers in a syndicate, buy the securities issue outright, then sell the securities to individuals or institutions.

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