ATTAINED AGE
- The age in which the beneficiary of a retirement plan, insurance policy or other aged-dependent plan, is able to withdraw funds or receive benefits. The attained age can be any age wherein benefit are received. There are cases wherein the individual may have to conduct some action at the time the attained age is reach, such as retiring from a company.
- The age of an individual policyholder at a particular point in time. The attained age can be employed to calculate the pricing in the policies that appoints payments in accordance with the age of the policy holder. Normally, the pricing increments as the policyholder ages.
POPULAR TERMS
Capital Commitment
Future capital payments that a firm has pledged to pay out on long-term assets over a particular time period. This also talks about the securities ...
Overwithholding
A term which refers to an excess amount of tax being withheld for an employee. It will be sent back as a refund to the taxpayer after he or she fil ...
Diluted Earnings Per Share - Diluted EPS
It is the measure of a company’s profits.
Covenant
Promise a firm made to an indenture or other formal debt agreement, stating some activities will or won’t be carried out. In finance, it freq ...
Gross Spread
Difference between the security price paid by the underwriter and the actual price charged to the public. The spread compensates the underwriters o ...
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