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
Take a Bath
Slang term for a situation in which investor sustained a huge amount of loss from an investment or speculative position. Investors experiencing thi ...
Austerity
Its main purpose is to measure the measures the government did to reduce the expenditure in an attempt to decrease their growing deficit.
Trade Surplus
Situation in which a country’s exports is higher than its imports, reflecting a net inflow of domestic currency from international markets.
Health Insurance
An insurance that pays for medical expenses incurred by the insured.
Substantial Gainful Activity - SGA
Threshold placed by the Social Security Administration to evaluate the eligibility for disability benefits. A specified dollar amount, it is update ...
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