Tag: life

What is a Charitable Remainder Trust A Charitable Remainder Trust, or CRT, is a type of trust that allows the settlor (the person establishing the...

What is 'Cancelable Insurance' This is insurance that may be canceled, at any time, by the insured party or by the insurance...

What is the Canadian Securities Institute (CSI)? The Canadian Securities Institute (CSI) is a not-for-profit organization that provides educational programs and professional designations to financial...

What is 'Canadian Institute Of Actuaries - CIA' The Canadian Institute of Actuaries, or CIA, is an organization of the actuarial profession...

What is passive income and why should you care Passive income is a type of income that does not require active work to earn. This...

DefinitionA parallel loan is two loans taken out by two pairs of companies in different countries from local lenders with the aim of swapping...

What is a 'Handle' A handle is the whole number part of a price quote. In a quote the handle could be...

What is 'Paper Millionaire' An individual who has achieved a high net worth as a result of the large total market value...

What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS...

Qualified Pre-Retirement Survivor Annuity (QPSA) What is 'Qualified Pre-Retirement Survivor Annuity - QPSA' A death benefit that is paid to the...