YEARS CERTAIN ANNUITY
Years Certain Annuity is an insurance product that pays a monthly income to the policyholder for a certain period of time. Like all the other annuities, it is typically used to provide a stable income during retirement. However, its difference from the others is that its benefits can only be availed for a predetermined number of years. It doesn’t take into account how long the holder lives.
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Giffen Good
Good for which demand rises as the price escalates, and declines when the price decreases. It has an upward-sloping demand curve, contrary to the f ...
Inactivity Fee
Fee charged to investors by brokerages for infrequent trading in their brokerage accounts to meet the minimum trading requirement
CVE
Currency abbreviation for the Cape Verde escudo, the official currency of the Republic of Cape Verde. The CVE subunit is called the centavo. Instea ...
Product Recall Insurance
An insurance that covers the costs involved in recalling possibly defective products made by the insured.
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