lump-sum benefit
41Annuity (US financial products) — In the U.S. an annuity contract is created when an individual gives a life insurance company money which may grow on a tax deferred basis and then can be distributed back to the owner in several ways. The defining characteristic of all annuity… …
42Surrogatum — is a thing put in the place of another or a substitute. [New Shorter Oxford English Dictionary. 1997. Version 1.0.03] The Surrogatum Principle pertains to a Canadian income tax principle involving a person who suffers harm caused by another and… …
43tort — /tawrt/, n. Law. a wrongful act, not including a breach of contract or trust, that results in injury to another s person, property, reputation, or the like, and for which the injured party is entitled to compensation. [1350 1400; ME: injury,… …
44United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… …
45Reverse mortgage — A reverse mortgage (known as lifetime mortgage in the United Kingdom) is a loan available to seniors (62 and older in the United States), and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner s …
46Deadweight loss — created by a binding price ceiling. Producer surplus is necessarily decreased, while consumer surplus may or may not increase; however the decrease in producer surplus must be greater than the increase (if any) in consumer surplus. In economics,… …
47Taxation of Superannuation in Australia — Superannuation in Australia is taxed at three points: on contributions made, investment income and benefits paid.Tax on Investment IncomeThe investment income of a superannuation fund is assessable income of the superannuation fund. However,… …
48Critical illness insurance — or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy. The policy may also… …
49Royalties — Not to be confused with Royal family. Royalty cheque. Royalties (sometimes, running royalties, or private sector taxes) are usage based payments made by one party (the licensee ) to another (the licensor ) for the right to ongoing use of an asset …
50Fiscal multiplier — This article is about the effect of spending on national income. For the multiplier effect in banking, see Fractional reserve banking. In economics, the fiscal multiplier is the ratio of a change in national income to the change in government… …
