PENSION MAXIMIZATION
This is used by a married couple who purchases single life annuity for the older spouse and a joint life annuity for both of them. In case the younger spouse dies first, the older spouse may continue to benefit from both annuities. When the older spouse dies first, the young spouse uses the death benefit from the single life annuity to buy another single life annuity.
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Liquidity Adjustment Facility
A tool in monetary policy where banks are allowed to borrow money through repurchase agreements, and to respond to liquidity pressures. The governm ...
Data Warehousing
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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