Tag: amount

Annual Percentage Rate

DefinitionThe term annual percentage rate of charge, corresponding sometimes to a nominal APR and sometimes to an effective APR, is the interest rate for...

Annuity

An annuity can be best defined as a financial product which is exclusively designed and offered by insurance companies to help individuals grow funds....

Ability-To-Pay Taxation

What is 'Ability-To-Pay Taxation' Ability-to-pay taxation is a progressive taxation principle that maintains that taxes should be levied according a taxpayer's ability...

Accelerated Death Benefit (ADB)

What is an 'Accelerated Death Benefit - ADB' An accelerated death benefit (ADB) is a benefit that can be attached to a...

Absolute Advantage

DefinitionIn economics, the principle of absolute advantage refers to the ability of a party to produce a greater quantity of a good, product, or...

Accelerated Benefits

What is 'Accelerated Benefits' A clause in certain life insurance policies that enables the policy holder to receive the benefits before death....

Absorbed Account

What is 'Absorbed Account' An account that has been combined or that has merged with another related account. Accounts are often absorbed...

Abnormal Spoilage

What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...

Accelerated Depreciation

DefinitionAccelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in...

Abandonment Clause

What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...

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