COMMUTATION
Substituting one type of income for another. This right is offered to beneficiaries of annuities and life insurance policies. Instead of receiving series of future payments, they would be given a lump-sum payment. Should commutation happen, the net present value of all remaining payment is calculated into a single payment given to the beneficiary.
POPULAR TERMS
Investment Strategy
An investor’s systematic attack plan to guide his investment decisions according to an individual’s financial goals, risk tolerance, an ...
American Jobs Creation Act of 2004
Designed for multinational corporations, domestic manufacturers and other entities, as well as energy sector and the agriculture. It has 270 provis ...
DOP
Currency abbreviation for the peso oro, Dominican Republic’s lone official legal currency. The currency is comprised of 100 centavos and is p ...
Short-Term Paper
Short-Term Paper is a kind of financial instrument. They usually have less than nine months in their original maturity and are issued with a discou ...
Endowment
Financial asset donated to a non-profit institution, in the form of investment funds or property, with the purpose at the donor’s bequest. Th ...
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Buying a Home: Finding the Best House
Nothing can stop you from looking for the home of your dreams. Even though you have no agent, you can do your own diligence. Drive around neighborh ...
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
Health Savings Account: Introduction
In essence, health savings account shoulders any health- and medical-related expenses that are not included in the high-deductible health plan. Pay ...
Introduction to Inflation
I asked my grandparents about the cost of living during World War II. They told me people during that period could buy a house for $5,000, a car fo ...
A Guide to Income Tax: Overlooked Credits and Cuts
The US tax code changes from time to time, and majority of taxpayers cannot name at least three of the most common deductible expenditures. On that ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
