fixed annuity
81Burdwan (Zamindari) — Mehtab Chand of Burdwan, c.1860 65 The Zamindari of Burdwan was one of the largest and richest feudal estates in the province of …
82Accumulated Value — The total amount an investment currently holds, including the capital invested and the interest (gain) it has earned to date. Accumulated value is important in the insurance field because it refers to the total acquired value in cash value life… …
83pension reversion — Termination of an overfunded defined benefit pension plan and replacement of it with a life insurance company sponsored fixed annuity plan. Bloomberg Financial Dictionary …
84income — A word having different meanings, dependent upon the connection in which it is used and the result intended to be accomplished. Equitable Trust Co. v Prentice, 250 NY 1, 164 NE 723, 63 ALR 263. For tax purposes, the gain derived from capital,… …
85Continuous-repayment mortgage — Analogous to continuous compounding, a continuous annuity[1][2] is an ordinary annuity in which the payment interval is narrowed indefinitely. A (theoretical) continuous repayment mortgage is a mortgage loan paid by means of a continuous annuity …
86Time value of money — The time value of money is the value of money figuring in a given amount of interest earned over a given amount of time. The time value of money is the central concept in finance theory. For example, $100 of today s money invested for one year… …
87insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …
88Pennsylvania Lottery — logo The Pennsylvania Lottery is operated by the Commonwealth of Pennsylvania. The lottery was created by the Pennsylvania General Assembly on August 26, 1971; two months later, Henry Kaplan was appointed as its first executive director. The… …
89Life insurance — The foundation of life insurance is the recognition of the value of a human life and the possibility of indemnification for the loss of that value. F. C. Oviatt, Economic place of insurance and its relation to society[1] Life insurance is a… …
90trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… …
