Tag: pays

Key Person Insurance

DefinitionKey person insurance, also commonly called keyman insurance and key man insurance or 'key employee insurance', is an important form of business insurance. There...

Hara-Kiri Swap

Hara-Kiri Swap What is 'Hara-Kiri Swap' An interest rate or cross-currency swap devoid of any profit margin for the originator. The term...

Years Certain Annuity

Years Certain Annuity What is 'Years Certain Annuity' An insurance product that pays the holder a monthly income for a specified number...

Yield On Cost (YOC)

Yield On Cost (YOC) What is 'Yield On Cost - YOC' The annual dividend rate of a security divided by the average...

Old-Age And Survivors Insurance Trust Fund

Old-Age And Survivors Insurance Trust Fund What is 'Old-Age and Survivors Insurance (OASI) Trust Fund' One of the two trust funds managed...

Ability-To-Pay Taxation

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...

Range Accrual

DefinitionIn finance, a range accrual is a type of derivative product very popular among structured-note investors. It is estimated that more than US$160 billion...

Binary Option

DefinitionA binary option is a financial option in which the payoff is either some fixed monetary amount or nothing at all. The two main...

Charitable Remainder Trust

DefinitionA charitable trust is an irrevocable trust established for charitable purposes and, in some jurisdictions, a more specific term than "charitable organization". A charitable...

Compound Interest

DefinitionCompound interest is the addition of interest to the principal sum of a loan or deposit, or in other words, interest on interest. It...

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