Account Current

Dictionary Says

Definition of 'Account Current'

A summary of the performance of each individual insurance agent in the company. The account current is written and issued by the insurance company each year so the agents can see their total commissions earned, policy cancellations and premiums paid.
Investopedia Says

Investopedia explains 'Account Current'

An account current is similar to a financial statement in that is shows the revenues/expenses, profits/losses and assets/liabilities.

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Related Definitions

  1. Insurance

    A contract ...
  2. Agent

    1. An individual ...
  3. Commission

    A service charge ...
  4. Premium

    1. The total ...
  5. Revenue

    The amount of ...
  6. Liability

    A company's ...
  7. Expense

    1. The economic ...
  8. Asset

    1. A resource ...
  9. Finance

    The science that ...
  10. General Ledger

    A company's main ...

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