GUARANTEED INVESTMENT FUND - GIF
Investment product offered by life insurance companies, which permits its client to invest in an equity, bond, and/or index fund while pledging some predefined minimum fund value, normally the initial investment amount, will be made available at the fund’s maturity or when the client passes away. Usually, these companies charge up to 1% of the investment amount per year for this service.
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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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