GUARANTEED MINIMUM PENSION - GMP
Minimum pension earned while working in the United Kingdom’s public sector between 1978 and 1997. The employees were contracted out of the State Earnings-Related Pension Scheme (SERPS), and the pensions generated were administered the other way around than in other years. Amount of pension earned is said to be equivalent to the amount a member would have received if they were not contracted out.
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Robert C. Merton
American economist who won the 1997 Nobel Memorial prize in Economic Sciences, along with Myron Scholes, for developing the Black-Sholes model, whi ...
Buy Stops Above
Recommendation to purchase a given security once a security’s price surpasses a particular resistance level by putting a buy stop order at th ...
Admitted Company
An insurance company admitted and allowed by an another state to transact insurance business despite having a domiciled status on an another state. ...
Black Box Model
Computer program, process, or system processing the information entered by the user using pre-programmed logic in order to produce the user’s ...
Form 3903
A form issued by the IRS and used by taxpayers to deduct moving expenses related to taking a new job.
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