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Definition of Y-Share Classes of mutual funds shares are denoted by alphabetical names, A and B being the most common ones for referring to individual investors. Also each class has different sales load and commission structure. Institutional investors are offered only mutual funds shares of Class Y. Purchase size should be $500,000 or more. . […]
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Definition of Year’s Maximum Pensionable Earnings-YMPE The Canadian government under Canadian pension Plan (CPP) establishes a maximum salary level which becomes decisive of the deductions from the earnings. This is known as Year’s Maximum Pensionable Earnings (YMPE).It is more or less same as that of United States Social Security program. It results in series of […]
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Definition of Year End Bonus The bonus paid to employees at year’s end is termed at Year-End Bonus. Sometimes it so happens that employees receive this bonus one year but not in the next one, which leaves them with bad feelings. Still, such bonus is assumed to boost employees’ morale if they are given at […]
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Definition of Yearly Price of Protection method There is a process in which professionals of insurance industry deal with actuarial sciences, this whole procedure is called yearly price of protection method. This method is used by actuaries specifically for calculating the yearly cost of protection of a cash value life insurance policy. There lies a […]
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Definition of Yearly Probability of Dying The numerical figure showing possible number of people dying per year is yearly probability of dying. Explanation of Yearly Probability of Dying There is a mortality table depicting death rate in each age in terms of deaths per thousand, the very same table shows yearly probability of dying. […]
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Definition of Yearly Probability of Living Yearly Probability of living is a numerical figure rendering possibility of someone living per year. Explanation of Yearly Probability of Living A mortality table that shows death rates showing deaths/thousand determines this yearly probability of living. When number of people alive at the end of year is divided by […]
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Definition of Yearly Rate of Return Method A method used to calculate gains or losses in an investment at the end of each year is called yearly rate of return method. Yearly rate is also known as an annual percentage rate or nominal value. Explanation of Yearly Rate of Return Method Following are the steps […]
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Definition of Yearly Renewable Group Term Insurance A life insurance policy that covers a number of people and is renewed each year is known as ‘yearly renewable group term insurance’. Mostly such policy is offered and given by the employer to its employees. Explanation of Yearly Renewable Group Term Insurance Yearly renewable group term insurance […]
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Definition of Yearly Renewable Term Annual renewable term or yearly renewable term is a life insurance policy which offers a protection for one year and renews automatically at a premium each year. Explanation of Yearly Renewable Term (YRT) Following are some of the key advantages of YRT. Most inexpensive type of life insurance for a […]
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Definition of Yearly Renewable Term Plan of Reinsurance (YRTPR) Yearly renewable term plan of Reinsurance is a form of proportional reinsurance in which the death/mortality risks are ceded by a primary insurance organization to a reinsurer. It is basically a one-year life insurance policy; YRTPR gives policy holder a quotation/estimate for the year the insurance […]
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