Tag: state

DefinitionA pension fund, also known as a superannuation fund in some countries, is any plan, fund, or scheme which provides retirement income. Pension Fund...

DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...

What is 'Parking' Parking in stock trading is the practice of selling shares to another party with the understanding that the original...

What is 'Partial Release' A mortgage provision allowing some of the pledged collateral to be released from the mortgage contract if certain...

What are pari-mutuel revenues and how are they generated Pari-mutuel revenues are a type of betting where the total payouts are calculated based on the...

What is a 'National Bank' A national bank, in the United States, is a commercial bank chartered by the comptroller of the...

What is 'Parity Bond' Two or more bond issues with equal rights to one another. In other words, a parity bond is...

What is 'Qualified Domestic Relations Order - QDRO ' A type of court order typically found in a divorce agreement that recognizes...

What is a 'Qualified Opinion' A qualified opinion is a statement issued after an audit is done by a professional auditor that suggests the information...

What is 'Qualified Electric Vehicle' An electric vehicle that qualifies the owner to claim a nonrefundable tax credit. A qualified electric vehicle...