IMMEDIATE PAYMENT ANNUITY
Annuity contract purchased with a single lump-sum payment and in return, immediately begins to generate income. An immediate payment annuity is especially appropriate for retirees who are worried about outliving their savings. However, one drawback of this annuity is that the immediate payment is irreversible upon purchasing it. This may be a problem if the annuity holder needs a huge amount for emergency.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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