The Absa Participation Bond Fund is for any investor looking for a secure investment with an attractive income yield that is market-related and always competitive. It's for young and old, individuals or corporate bodies, trusts, charities, clubs, educational institutions and churches. The Fund holds ... More Details »
A method of calculating the unearned premium provision and earned premium revenue (for annual premiums when they are to be spread evenly over the policy term). This method assumes that all premiums are written in the middle of the month, with the result that in the first month, one twenty fourth of the premium is earned, in the second month, three twenty fourths is earned, and so on.