GUARANTEED MINIMUM WITHDRAWAL BENEFIT - GMWB
Option the annuity holders can purchase for their retirement annuities. It gives annuitants the capability to guard their investments for retirement against downside market peril by permitting the annuitant to withdraw a maximum percentage of their whole investment every year until the initial investment amount has been recovered.
POPULAR TERMS
Bearish Belt Hold
During an ascending trend there is a candlestick pattern that is being formed called bearish belt hold. This is what appears in the pattern: coming ...
Direct Tax
A tax directly paid by a person or organization to the entity imposing it.
Conversion Rate
Ratio at which a currency can be converted for another. Also called exchange rate.
Cracking
Method of breaking down a larger product into smaller by-products. Used in the oil and gas industry, this can be accomplished by employing various ...
Penetration Pricing
Firms use this marketing strategy to entice customers to a new service or product. It is basically offering a low price during its initial offer to ...
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The first consideration when buying a new house is choosing the place where you want to live, regardless if this will serve as an investment or upg ...
Do I Need to Move Out or Renovate My House?
Before deciding whether to move our or remodel your home, you need to consider some other factors.
Emotional Attachments. You&rs ...
Digesting Financial Statements: Long-Lasting Assets
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An Introduction to Student Loans
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 03:00 | ANZ Commodity Prices | Jun | |
| 03:00 | MI Inflation Gauge | Jun | |
| 03:30 | ANZ Jobs Advertisements | Jun | |
| 08:00 | Factory Orders | May | |
| 10:30 | Construction PMI | Jun | |
| 10:30 | Housing Equity Withdrawal | 1 quarter | |
| 10:30 | Sentix Investor Confidence | Jul | |
| 11:00 | Retail Sales | May | |
| 15:45 | Final Services PMI | Jun |
