Values
What is 'Values' The worth of a nonforfeiture clause that specifies that an insured party would receive the equity from a life insurance policy, in the event that the policy were canceled because the premium payments were not made. The policy's value would be returned to the policy holder in some manner, either through a partial refund...
Kidnap Insurance
What is 'Kidnap Insurance' A type of insurance designed to protect individuals from the risk of kidnapping. Kidnap insurance often covers other events related to kidnapping, including extortion. In the case of a kidnapping, the policy holder is compensated for money paid as ransom, medical expenses, counseling or for accidental death of the kidnap victim. ...
Family Offices
DefinitionThe term family office can refer to a family controlled investment group, and also the two major terms: single family office or multi-family office. The distinction is important since, despite the similar names, they provide significantly different services. This article refers principally to single family offices, which are the predominant forms of family offices today. Family Offices What...
Balance Sheet
DefinitionIn financial accounting, a balance sheet or statement of financial position is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as Government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such...
Brokers
An investor does not deal with the buying and selling procedures on his own; he has a broker do them for him. This is obviously not done free of cost, a broker charges its clients for his services. A broker does not necessarily have to be an individual; there are various broker firms as well which functions collectively as...
Abandon Rate
What is 'Abandon Rate' Abandon rate in call center The percentage of inbound phone calls made to a call center or service desk that are abandoned by the customer before speaking to an agent. It is calculated as abandoned calls divided by total inbound calls (in percent). Abandon rates have a direct relation to waiting times. The longer the time that...
Abu Dhabi Investment Council (ADIC)
What is 'Abu Dhabi Investment Council - ADIC' A sovereign wealth fund owned by Abu Dhabi, the capital of the United Arab Emirates (UAE). It is wholly owned and administered by the UAE. The Abu Dhabi Investment Council is funded by revenue from the country's oil industry, and invests those revenues in a wide range of asset...
National Average Wage Index (NAWI)
What is 'National Average Wage Index - NAWI' An index calculated annually by the Social Security Administration (SSA) based on wages subject to federal income taxes and contributions to deferred compensation plans. The National Average Wage Index (NAWI) is used by the SSA in the indexation of retirement and insurance benefits in the United States. ...
Gap Trading
What is a 'Gap' A gap is a break between prices on a chart that occurs when the price of a stock makes a sharp move up or down with no trading occurring in between. Gaps can be created by factors such as regular buying or selling pressure, earnings announcements, a change in an analyst's outlook or any other type...
Value
What is 'Value' The monetary, material or assessed worth of an asset, good or service. In accounting, value describes what something is worth in terms of something else. For example, the value of a loaf of bread might be $3; the $3 for the loaf of bread would represent the generally accepted worth of the bread. ...