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. All-in-rate: Rate used in charging customers for accepting banker's acceptances, consisting of the discount interest rate plus the commission. Manager: A medium-level participant established according to final take. 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. Debt limit: The maximum amount that a municipality can borrow.