Bonds Enabling Annual Retirement Savings (BEARS): Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.

 

Related Words

Bonds Enabling Annual Retirement Savings (BEARS): Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEA . . . View Full Definition

Nominal Annual Rate: An effective rate per period multiplied by the number of periods in a year. Same as annual percentage rate.

Phased Retirement: A work schedule arrangement that allows employees to gradually reduce their full-time hours over a period of time.

Normal Retirement: The age or number of working years after which a pension plan beneficiary can retire and receive unreduced benefits immediately.

Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees.

Mortgage Revenue Bonds: A type of tax-exempt industrial development bond offered by state and local governments through their housing financing agencies.

Municipal Bonds: Bonds issued to finance public improvements such as parks, schools and urban renewal projects.

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Qualified Retirement Plan: A qualified retirement plan is an employer sponsored plan that meets the requirements established by the Internal Revenue Service (IRS) and the US Congress. Pensions, profit-sharing plans, m . . . View Full Definition

Retirement: A player withdrawing during a match, usually due to injury; and subsequently forfeiting their place in the tournament. For a pre-match withdrawal see walkover.