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25 Results for Tag: receive

Immediate Payment Annuity

Immediate Payment Annuity What is an 'Immediate Payment Annuity' An immediate payment annuity is an annuity contract that is purchased with a single lump-sum payment and in exchange, pays

Immediate Beneficiary

Immediate Beneficiary What is 'Immediate Beneficiary' A beneficiary designation most commonly used in charitable gift planning to describe which parties get an immediate benefit from a tra

Named Beneficiary

Named Beneficiary What is 'Named Beneficiary' This term refers to any beneficiary named in a will, a trust, an insurance policy, pension plan accounts, IRAs, or any other instrument, to wh

Absolute Beneficiary

Absolute Beneficiary What is 'Absolute Beneficiary' A designation of a beneficiary that can not be changed without the written consent of that beneficiary. Also referred to as an "irrevoca

Accelerated Vesting

Accelerated Vesting What is 'Accelerated Vesting' A form of vesting that takes place at a faster rate than the initial vesting schedule in a company's stock option plan. This allows the op

Accelerated Death Benefit (ADB)

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 life insurance policy that enables th

Accelerated Benefits

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

Ramani Ayer

DefinitionRamani Ayer is an Indian-American business executive, and the CEO and chairman of The Hartford from 1997 to 2009. Ramani Ayer What is 'Ramani Ayer' A former president and CEO of

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 trust e

Call Swaption

Call Swaption What is 'Call Swaption' A type of option between two parties that can be exercised on a swap where the buyer of the swap has the right, but not obligation, to receive an agre
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