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Real Time

Describing the immediate reporting of an occurrence. Many quotes offered by brokers to clients are in real time, which means changes to the quotes occur as soon as the brokerage itself receives the information.


Of or relating to the actual time during which something occurs; that is, current as opposed to delayed. For example, real-time stock price quotations are generally available to investors with Internet brokerage accounts.
References in periodicals archive ?
Agents already connecting with carriers via real-time systems believe they have value in helping work flow for both personal and commercial lines.
The carrier responds to the agency in real-time with, for example, a billing or claims status, a frilly-rated quote, or in the case of loss reporting, an acknowledgement or claim number.
For example, consider a real-time company where agents submit all applications via e-mail and the Internet.

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