acquisition costs

  • Expenses incurred in acquiring business, including commissions to agents and brokers and other acquisition, field supervision, and collection expenses. Usually also considered to include premium taxes.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).