Canadian Financial, Real Estate and Mortgage Glossary

Account Current

Definition of account current (AC)

Related Terms and Acronyms:

• expense ratio   A method of calculating an insurer's operating efficiency.
• insurance score   A score used by those in the insurance industry to determine how likely a claim will need to be paid out for an individual or entity.
• net premium   The total earned by an insurer in insurance premiums, less the agent's commissions.
• premium balances   A ledger kept by insurance companies recording insurance premiums.
• premiums written   A sum of the premiums from all the policies that a company has written in a given period of time.
• retained earnings   All of the profits or losses accumulated from prior years and from the present year's income statement, minus dividends paid to you.