SINGLE-LIFE PAYOUT
Single-life payout is a payout option method used by employers for the distribution of retirement benefits. There are only two types of payout options offered by employers and the other one is joint-life payout. Upon retirement, the retiree may opt to choose between the two. The single-life payout entails that the retiree will be receiving payments up until his or her death only.
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Tax Court
Specialized court of the law handling and adjudicating tax disputes and issues. In the United States, the Congress has established a federal court ...
Accrual Swap
An interest rate swap which a counterparty pays reference rate, it is usually a three to six month of LIBOR.
Key Rate
A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Alternative Order
A mandate of an investor to buy or sell stock using a first come first served basis policy. It is also called the one cancels the other orders. ...
Catalog of Federal Domestic Assistance – CFDA
Government-wide compendium of Federal assistance programs, projects, activities, and services, which offers financial and nonfinancial assistance o ...
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