savings element — Used in the context of life insurance, the cash value built up in a policy , which equals the amount of premium paid minus the cost of protection. This excess is invested by the insurance company, and the returns are tax deferred inside the… … Financial and business terms
Health savings account — A Health Savings Account (HSA) is a tax advantaged medical savings account available to taxpayers in the United States who are enrolled in a High Deductible Health Plan (HDHP). The funds contributed to the account are not subject to federal… … Wikipedia
National Employment Savings Trust — The National Employment Savings Trust (or NEST) is a pension system for all workers in the United Kingdom that do not have access to a company pension provided by their employer. It will be a universal, defined contribution scheme, accumulating a … Wikipedia
Universal Data Element Framework — The Universal Data Element Framework (UDEF) provides the foundation for building an enterprise wide controlled vocabulary. It is a standard way of indexing enterprise information that can produce big cost savings. UDEF simplifies information… … Wikipedia
Austrian Postal Savings Bank — The Austrian Postal Savings Bank building (German language: Österreichische Postsparkasse ) is a famous Jugendstil building in Vienna, designed and built by the architect Otto Wagner. The building is regarded as an important early work of modern… … Wikipedia
Tax Exempt Special Savings Account — ( TESSA) A savings account which generates tax free interest for the investor. The account must be kept open for five years, at which time it must expire. The maximum amount that may be invested in the account is £9,000 in total over the five… … Financial and business terms
Universal Life Insurance — A type of flexible permanent life insurance offering the low cost protection of term life insurance as well as a savings element (like whole life insurance) which is invested to provide a cash value buildup. The death benefit, savings element and … Investment dictionary
Cash Surrender Value — The sum of money an insurance company will pay to the policyholder or annuity holder in the event his or her policy is voluntarily terminated before its maturity or the insured event occurs. This cash value is the savings component of most… … Investment dictionary
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium
ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… … Encyclopedia of Judaism
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
