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Definition of Non-insured plans
Defined benefit pension plans that are not guaranteed by life insurance products. Related:
Requirement that none of an order be executed unless all of it can be executed at the specified price.
An arrangement whereby a security issue is canceled if the underwriter is unable
This is the person covered by the life insurance policy. Upon this person's death, a tax free benefit will be paid to that person's estate or a named beneficiary.
Person whose life is protected under a specific policy.
A municipal bond backed both by the credit of the municipal issuer and by commercial
An insured mortgage protects only the mortgage lender in case you do not make your mortgage payments. This coverage is provided by CMHC [Canada Mortgage and Housing Corporation] and is required if a person has a high-ratio mortgage. [A mortgage is high-ratio if the amount borrowed is more than 75% of the purchase price or appraised value, whichever is less.]
Defined benefit pension plans that are guaranteed by life insurance products. Related: noninsured plans
This is a recently coined phrase describing the concept of using Universal Life Insurance to tax shelter earnings which can be used to generate tax-free income in retirement. The concept has been described by some as "the most effective tax-neutralization strategy that exists in Canada today."
The person who's life is protected by an individual policy.
Under this translation method, monetary items (e.g. cash, accounts
Preferred stock whose holders must forgo dividend payments when the
Include such things as freight, insurance, passenger services, and travel.
This is the maximum value of a policy that an insurance company will issue without the applicant taking a medical examination, although medical questions are invariably asked during the application process. When a non-medical issue is made through group insurance, in most cases, medical data is not requested at all.
a restriction in a linear programming
A shift in the yield curve in which yields do not change by the same
A type of insurance policy or annuity in which the owner does not receive dividends.
A general term referring to period costs, such as selling, administration and financial expenses.
A tangible asset with unique physical properties, like a parcel of land, a mine, or a
In October 1996 it was announced in the international news that scientists had finally located the link between cigarette smoking and lung cancer. In the early 1980's, some Canadian Life Insurance Companies had already started recognizing that non-smokers had a better life expectancy than smokers so commenced offering premium discounts for life insurance to new applicants who have been non-smokers for at least 12 months before applying for coverage. Today, most life insurance companies offer these discounts.
Refer to goods and services produced and consumed domestically that are not close
non-value-added (NVA) activity
an activity that increases the time spent on a product or service but that does not increase its worth or value to the customer
A cost, such as depreciation, depletion, and amortization, that does not involve any cash outflow.
In a Treasury auction, bidding for a specific amount of securities at the price, whatever it
Any inventory item that does not match its original design
the fixed overhead volume variance;
Nondiversifiability of human capital
The difficulty of diversifying one's human capital (the unique
Risk that cannot be eliminated by diversification.
A debt or equity security for which there is no posted price or bidand-
Claims that cannot be easily bought and sold in the financial markets, such as those of
Nonqualified Retirement Plan
A pension plan that does not follow ERISA and
Nonqualified Stock Option
A stock option not given any favorable tax treatment
Without recourse, as in a non-recourse lease.
Revenues or gains and expenses or losses that are not expected to recur
Not permitted, under the terms of indenture, to be redeemed.
Not permitted, under the terms of indenture, to be refundable.
Nonsignificant part number
An identifying number assigned to a part that conveys
nonmarket or firm-specific risk factors that can be eliminated by diversification. Also
NSF (non-sufficient funds)
This appears on your statement if there are insufficient funds in your account to cover a cheque that you have written or a pre-authorized payment that you have already arranged. You will be charged a service fee for non-sufficient funds.
Tax-deferred retirement plans
Employer-sponsored and other plans that allow contributions and earnings to
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