Tag: benefit

DefinitionLife insurance is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary...

What is 'Joint Life With Last Survivor Annuity' An insurance product that, when annuitized, makes payments to the annuitant, the annuitant and...

DefinitionThere are two distinct definitions of a land trust... Land Trust What is 'Land Trust' A legal agreement where a trustee is...

What does 'Easement In Gross' mean An easement in gross is an easement that attaches a particular right to an individual or entity rather than...

What is 'Earned Income Credit - EIC' A tax credit in the United States which benefits certain taxpayers who have low incomes...

DefinitionKeogh plans are a type of retirement plan for self-employed people and small businesses in the United States. Keogh Plan What is the...

What is 'A-B Split' A method of testing the effectiveness of marketing methods or media. Using A-B split marketing, a list of...

DefinitionA VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The program is for...

What is 'A-B Trust' A trust created by a married couple with the objective of minimizing estate taxes. An A-B trust is...

What is 'Rabbi Trust' A rabbi trust is a type of trust that is typically used by employers to hold retirement benefits for their employees....