LIFE ANNUITY
An insurance product with a continually periodic payout until as long as the annuitant is alive. This product are mostly used by retirees to help them budget their retirement money. The annuitant pays the annuity on a regular basis while the individual is still working. But the person purchasing it may also buy the product in one huge purchase. When the annuitant reached his or her retirement age, it makes periodic payouts to the recipient, usually monthly, that gives a reliable source of income. In the event of death, for example, the periodic payments from the annuity is normally cut.
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Target Return
Pricing model used in valuing a business based on what an investor expects from any capital invested in the firm. It is computed by adding the amou ...
Remainder Man
An individual who receives the remaining principal in a trust account after all required payments have been made, such as those to the beneficiary ...
Average Collected Balance
The total average of the collected funds in a bank account in a month. The balance is calculated by adding the collected balance and dividing it by ...
Bankable Funds
Forms of payment that are accepted at financial institutions. Retailers and other organizations that directly accept payments from customers typica ...
Prudent-Person Rule
A legal maxim that restricts the discretion in a client's account to investments that a prudent person seeking reasonable income and preservati ...
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