ADJUSTMENT PROVISION
A life insurance policy provision which permits the policy to be reiterated in different ways. This may involve decrease or increases to either the policy's face amount or premium, period of premium payments or alteration to the length of protection.
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Financial Modeling
A method of constructing a financial representation of all aspects of a firm or given security. It is typically characterized by performing calcula ...
Cost Center
Department, division, or unit within an organization responsible for providing additional funding to cover operation costs. It only contributes to ...
Xenocurrency
Xenocurrency refers to a currency which is trading in foreign markets such as those outside its domestic boundaries.
Hope Credit
A nonrefundable education tax credit that may be claimed for students that have yet to complete two years of post-secondary education. The Hope Cre ...
Specific Risk
Specific risk is also known as ‘unsystematic or diversifiable risk’. It is the risk that influences only specific assets which means th ...
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A Guide to Your Personal Income Tax: Steps to Take before April 15
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