LIFE ANNUITY
An insurance product with a continually periodic payout until as long as the annuitant is alive. This product are mostly used by retirees to help them budget their retirement money. The annuitant pays the annuity on a regular basis while the individual is still working. But the person purchasing it may also buy the product in one huge purchase. When the annuitant reached his or her retirement age, it makes periodic payouts to the recipient, usually monthly, that gives a reliable source of income. In the event of death, for example, the periodic payments from the annuity is normally cut.
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Branch Office
Secondary location, outside the main office, conducting business of the company. Most branch offices are made up of smaller divisions of various as ...
Rump
A term referring to group of investors who refuses to tender their shares into a corporate action, such as a merger or acquisition.
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Federal Subsidy Recapture
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ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 11:00 | Ifo Business Climate Index | Jan | |
| 11:00 | Ifo Current Assessment | Jan | |
| 11:00 | IFO - Expectations | Jan | |
| 15:30 | Durable Goods Orders | Nov | |
| 16:00 | NBB Business Climate | Jan | |
| 01:50 | Corporate Service Price Index | Dec | |
| 02:01 | BRC Shop Price Index | Jan | |
| 02:30 | NAB Business Confidence | Dec | |
| 04:00 | Credit Card Spending | Dec |
