ACCELERATED OPTION
This term is used to refer to an option that can be found in an insurance contract usually taking the form of a rider, that gives partial or accelerated benefits sooner than the date that it should have been payable. As an alternative, common in life insurance contracts, this kind of option can mean the option that gives the policyholder the right to apply for the accumulated cash value in order to pay off the whole policy.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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