Financial Security The peace of mind we have when we are not concerned about money is referred to as Financial Security. This frequently entails having enough money...
Principal Curtailment The practice of allocating cash to lower the current due principal amount of the first new mortgage is known as Principal Curtailment.
Bell Curve A Bell Curve describes the distribution of a data set that creates a bell-shaped curve in a line graph which graphically expresses the probability distribution.
Laffer Curve The Laffer Curve is an economic theory that analyzes how tax reductions may affect government expenditure, income, and long-term growth.
Secured loan A loan backed with some form of collateral; property, equipment, inventory, or accounts receivable.
Securitization of risk Securitization of risk is a term to describe the transfer of an insurable risk to the capital markets through the creation of a financial
Occurrence Occurrence refers an accident, including continuous or repeated exposure to substantially the same general, harmful conditions, which
Occurrence policy Occurrence policy is a liability insurance policy that covers claims arising out of occurrences that take place during the policy period,
Current assumption whole life insurance Current assumption whole life insurance is nonparticipating whole life policy in which the cash values are based on the insurer’s current mortality, investment, and expense experience.
An accumulation account is credited with a current interest rate that
Definition
[ n.]