LIFETIME PAYOUT ANNUITY
An insurance product that pays out a part of the asset portfolio in an investor’s lifetime. The payment scheme can be fixed or variable. In fixed payments, the investor receives a certain amount for every payment, possibly with cost of living adjustments (COLA). In variable payments, payouts fluctuate because it is based on the investment value in the annuity’s portfolio. Payout from this insurance usually ends with the policyholder’s death.
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A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
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Electronic storage of information in a business or corporation. It should be secure, reliable and easy to retrieve and manage. It originated in 198 ...
One-Tailed Test
A statistical test where the critical area of a circulation is one-sided so that it is either less than or greater than a specific value, but not b ...
Less-than-Truckload
A shipping service that carries small loads of freight, weight between partial and full truckload. The service is being offered by many large and n ...
Original Cost
It simply refers to the total cost associated in buying an asset.
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