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Subject

• Refers to a bid or offer than cannot be executed without confirmation from the customer.

• Refers to a bid or offer that cannot be executed without confirmation from the customer.

 
 Embedded terms in definition
 Bid
Confirmation
Offer
Without
 
 Referenced Terms
 401 k plan: Is a retirement plan that the employee can set aside a portion of his or her income. The actual dollar amount is Subject to annual change. Benefits of the plan are that it affords portability, reduces the employee's annual gross income for tax purposes, and the employee's contributions are immediately vested. Balances are allowed to grow on a tax-free basis and there are provisions for employer contributions as well.A type of retirement savings plan, used by private firms or nonprofit employers. Also known as a cash-or-deferred.A tax-deferred defined contribution retirement plan offered by an employer.

 Adjustable rate mortgage: Is a loan which has a coupon or interest rate that is Subject to change on predetermined reset dates. These loans use interest rate indices as the benchmark rate. Adjustable Rate Mortgages come in many variations. Typically, the reset dates recur every 1, 3, or 5 years; but there are other periods used as well. These loans may have cap and floor features which constrain each reset change in interest rates. There may also be lifetime cap and floor features. Adjustable Rate Mortgages may be strictly amortizing though some have negative amortization features.A mortgage whose interest rate changes periodically based on the upward or downward movement of a specified benchmark, e.g. six month or one-year Treasury bills.

 Agent: The decision-maker in a principal-agent relationship.Is a party who acts on the behalf of another. This occurs when a broker executes a trade for the benefit of the customer. Here, the broker receives a commission. This compares to a dealer transaction. See Broker-Dealer.A firm that executes orders for or otherwise acts on behalf of another (the principal) and is Subject to its control and authority. The agent may receive a fee or commission.

 Annuity: Fixed number of identical cash flows that start one period from today. Typically, annuity products are used to provide income in retirement.Is an insurance product which comes in two basic forms: fixed and variable. The fixed version can make a lump sum or periodic lifetime payments to the annuitant. The variable version has a separate account attached to the annuity contract. This type of contract is considered a security because it is dependent on equities and its total value is Subject to fluctuate due to market risk. There are many annuity varieties. Some are: Annuity Certain, Annuity Due, Deferred Annuity, Fixed Annuity, Life Annuity, Ordinary Annuity, Perpetuity, and Variable Annuity. Also, see Interest Impact on Present Value of Ordinary Annuity of 1 Per Period.A regular periodic payment made by an insurance company to a policyholder for a specified period of time.A finite stream of equal and periodic (regular) cash flows. These cash flows can be inflows of returns earned on investments or outflows of funds invested to earn future returns.(1) A series of periodic payments. (2) A contract under which an insurance company promises to make a series of regular payments to a named individual for life.

 Arms: See Adjustable Rate Mortgages.Adjustable rate mortgage. A mortgage that features predetermined adjustments of the loan interest rate at regular intervals based on an established index. The interest rate is adjusted at each interval to a rate equivalent to the index value plus a predetermined spread, or margin, over the index, usually Subject to per-interval and to life-of-loan interest rate and/or payment rate caps.

 
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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

No matter what you've done for yourself or for humanity, if you can't look back on having given love and attention to your own family, what have you really accomplished? Elbert Hubbard

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