TRADITIONAL WHOLE LIFE POLICY
Life insurance contract that has no expiration date. Unlike other life insurances, this contract never runs out and provides coverage for the policyholder’s entire life. Insurance payout is given to the contract’s beneficiaries upon the holder’s death. Such policies have an investment component in which its returns can be withdrawn or borrowed against.
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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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