Super Finance Glossary

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Over 10,000 financial glossary terms...

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Glossary term Insurable interest: An insurance term referring to the relationship between a policy's insured person or property and the potential beneficiary. The beneficiary must have an insurable interest in the insured person or property to receive payment of the policy if the insured died while the policy was in force.
Glossary term All-in-rate: Rate used in charging customers for accepting banker's acceptances, consisting of the discount interest rate plus the commission.
Glossary term Manager: A medium-level participant established according to final take.
Glossary term Roth IRA: Individual Retirement Account that allows contributors to make annual contributions and to withdraw the principal and earnings tax-free under certain conditions. Maximum annual contributions are $3,000 per year (phasing up to $4,000 per year in 2005 and $5,000 per year in 2008.
Glossary term Debt limit: The maximum amount that a municipality can borrow.