|Last To Die Coverage|
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Definition of Last To Die Coverage
Last To Die Coverage
This means that there are two or more life insured on the same policy but the death benefit is paid out on the last person to die. The cost of this type of coverage is much less than a first to die policy and it is generally used to protect estate value for children where there might be substantial capital gains taxes due upon the death of the last parent. This kind of policy is also valuable when one of two people covered has health problems which would prohibit obtaining individual coverage.
A bond indenture restriction that permits additional borrowing on if the ratio of assets to
The number of times that financial obligations (for interest, principal payments,
Ratios used to test the adequacy of cash flows generated through earnings for purposes of
Earnings before interest and income taxes plus one-third rental charges, divided
Percentage change in the value of an option given a 1% change in the value of the
A measure of a firm's ability to meet its fixed-charge obligations: the ratio of
A Congressionally chartered corporation that
The ratio of the earnings before interest and taxes to the annual interest expense. This
A debt limitation that prohibits the issuance of additional long-term debt if the issuer's
After a stock split, the number of shares distributed for each share held and the date of the
The final day under an exchange's rules during which trading may take place in a particular
A method of valuing inventory that uses the cost of the most recent item in
The last-in-first-out inventory valuation methodology. A method of valuing
The percentage increase in an option's value given a 1% change in the value of the
The percentage change in the quantity divided by the percentage change in the price.
LIFO (Last In, First Out)
An inventory valuation method that presumes that the last units received were the first ones
Last-in, first-out (LILO)
A method of accounting for inventory.
Fixed Charge Coverage Ratio
A measure of how well a company is able to meet its fixed
Elasticity - See Lambda
Odd first or last period
Fixed-income securities may be purchased on dates
Last-in, first-out (LIFO)
An inventory costing methodology that bases the recognized cost of
Embodied Technical Change
Technical change that can be used only when new capital embodying this technical change is produced.
A fixed rate paid to employees traveling on behalf of a business,
Last-In, First-Out (LIFO) Inventory Method
The inventory cost-flow assumption that assigns the most recent inventory acquisition costs to cost of goods sold. The earliest inventory
Last-in, first-out (LIFO)
An inventory valuation method under which one assumes that the
First To Die Coverage
This means that there are two or more life insured on the same policy but the death benefit is paid out on the first death only. If two or more persons at the same address are purchasing life insurance at the same time, it is wise to compare the cost of this kind of coverage with individual policies having a multiple policy discount.
Extent to which a company's net assets cover a particular debt obligation, class of preferred stock, or equity position.
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