ASSUMED INTEREST RATE - AIR
The growth rate, or rate of interest, chosen by the insurance company. The assumed interest rate is given to know the value of an annuity contract and thus the periodic income payment that can be given to the annuitant. Amalgamated with other factors such as type of annuity coverage preferred, spousal coverage options, and the annuitant's age upon annuitization, the AIR decides the monthly payment which the annuitant will receive.
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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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