ACCELERATED DEATH BENEFIT - ADB
This is a kind of benefit that can be included to life insurance policy by insurance companies that gives the policyholder a benefit to receive cash advances from his/her death benefits if the policyholder has been diagnosed with any terminal illness. Many policyholders that used accelerated death benefit have only less than a year to survive and they used the money in the cost of their treatments to stay alive.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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