ACTUARIAL BALANCE
The result of the Social Security Trust Fund's current income rate minus the obligations of Social Security in the future. The Social Security Program was said to be in the state of actuarial balance, if the Social Security's summarized cross rate is inline with the summarized income rate for any provided valuation period.
Widely referred as the "solvency" of the Social Security System.
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Accumulation Area
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SEC Form DEF13E3
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Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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