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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Trust Certificate
Bond or debt investment backed by other assets and serve like a collateral. Normally in a public company, the assets may be seized or sold for the ...
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Starting Your Own Small Business: Choosing What You Want to Sell
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Companies generate money from borrowers and/or borrow money from creditors. Next, firms purchase assets and/or finance projects and programs. Then, ...
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