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A sinking fund is a fund established by an economic entity by setting aside revenue over a period of time to fund a future capital expense, or repayment of a long-term debt. In North America and elsewhere where it is common for government entities and private corporations to raise funds through the issue of bonds , the term is normally used in ...
Using statistical notation, it is a well-known result that the mean of a function, f, of a random variable X is not necessarily the function of the mean of X. For example, in application, applying the best estimate (defined as the mean) of investment returns to discount a set of cash flows will not necessarily give the same result as assessing ...
In terms of section 1 of the Long-term Insurance Act, “long-term policy” means an assistance policy, a disability policy, a fund policy, a health policy, a life policy or a sinking fund policy, or a contract comprising a combination of any of those policies. It also includes a contract whereby any such contract is varied.
A sinking fund might help you avoid sinking into debt, but there’s some strategy involved. I want to go on a big European vacation in 2025 — but not sure I can afford it. I keep hearing about ...
A policyholder (or policy holder) is the person who owns the insurance policy. Policyholders affect how much the car insurance costs and, in most cases, the policyholder is the only person who can ...
Subject to the "fortuity principle", the event must be uncertain. The uncertainty can be either as to when the event will happen (e.g. in a life insurance policy, the time of the insured's death is uncertain) or as to if it will happen at all (e.g. in a fire insurance policy, whether or not a fire will occur at all). [4]
Administrative data are electronic records of services, including insurance claims and registration systems from hospitals, clinics, medical offices, pharmacies and labs. For example, a measure titled Childhood Immunization Status requires health plans to identify 2-year-old children who have been enrolled for at least a year.
‘Hotspots of sinking land intersect directly with population and infrastructure hubs,’ researchers warn Sinking US cities already face ‘real impacts’ as subsidence poses risk to buildings ...