DRAWDOWN PERCENTAGE
Portion of a retirement account a retiree withdraws annually. If it is too high, the retiree will deplete its savings and struggle financially at the end of his life. If it is too low, he will die with money left over. Although some retirees want to spend most or all of their money they have earned and invested during their working years, others want to ensure they leave an inheritance for the family or charity they support.
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Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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