|
 |
|
Professionals: Retirement » Glossary
|
|
|
|
|
|
| Navigate Retirement Professionals: |
|
|
|
|
|
|
| | |
|  | Directory |
| |
| | |
|
|
|
| | |
|
Glossary of Terms
 |
Zero-coupon bond |
A bond in which no periodic coupon is paid over the life of the contract. Instead, both the principal and the interest are paid at the maturity date. | |
|
Zero-coupon convertible security |
A zero-coupon bond convertible into the common stock of the issuing company after the stock reaches a certain price, using a put option inherent in the security. | |
|
Zillmersation |
An actuarial adjustment to long-term business reserves to allow for the heavy initial expenses of writing such business. | |
|
|
 |
|
|
 |
From The Glossary » | Agent’s Account: |
| | A statement of the month’s business showing, for each policy transaction, the policy number, the insured’s name, the premium or return premium in the appropriate column, commission, policy fee, and other financial information including the balance due to the company or to the agent. | | More Definitions » |
|
|
| |
| | |
|
|
|
|
