KEY PERSON INSURANCE
Life insurance policy that a company purchased for its key persons, partners or proprietors. The future or successful operation of the company lies on these people’s hands. This is beneficial to the company and the firm pays the insurance policy premiums. It is also called "keyman insurance", "key woman insurance" or "business life insurance".
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Capital Accumulation
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Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
Unscheduled Recast is a recomputation of remaining loan amortization schedule that is not scheduled. Some loans have contractual terms that when tr ...
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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