LEVEL-PREMIUM INSURANCE
A term life insurance policy in which the premium remains the same throughout the duration of the contract. The premium an individual paid for level-premium insurance will be higher at the early years of the contact, but will be lowered towards the end of its life, compared to term policies with rising premium rates. Meaning at the end of the term, the premium is smaller than other policies with the same coverage.
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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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