National Insurance Contributions (NIC) What is 'National Insurance Contributions - NIC' Payments made by employees and employers into the United Kingdom's National Insurance (NI). National

Mandatory Convertible What is a 'Mandatory Convertible' A mandatory convertible is a type of convertible bond that has a required conversion or redemption feature. Either on or before a co

Sales Charge What is a 'Sales Charge' A sales charge is a commission paid by an investor on his or her investment in a mutual fund. The sales charge is paid to a financial intermediary (br

Qualified Pre-Retirement Survivor Annuity (QPSA) What is 'Qualified Pre-Retirement Survivor Annuity - QPSA' A death benefit that is paid to the surviving spouse of a deceased employee. If

Variable Rate Demand Bond What is 'Variable Rate Demand Bond' A bond with floating coupon payments that are adjusted at specific intervals. The bond is payable to the bondholder upon deman

Variable Rate Demand Note (VRDN) What is 'Variable Rate Demand Note - VRDN' A debt instrument that represents borrowed funds that are payable on demand and accrue interest based on a preva

Days Payable Outstanding (DPO) What is 'Days Payable Outstanding - DPO' Days payable outstanding (DPO) is a company's average payable period. Days payable outstanding tells how long it tak

Days Sales Of Inventory (DSI) What is 'Days Sales Of Inventory - DSI' The days sales of inventory value, or DSI, is a financial measure of a company's performance that gives investors an i

Qualified Joint And Survivor Annuity (QJSA) What is 'Qualified Joint And Survivor Annuity - QJSA' An annuity payment from a qualified plan or 403(b) account that provides a life annuity to

Unamortized Bond Premium What is 'Unamortized Bond Premium' The difference between the par-value or face-value of a bond and the price above this face value, at which the bond has been iss