Terms beginning with 'A'
The pro-rata interest obligation that has accumulated since a bond’s last payment date.
A Member of a Pension Plan who is presently accruing benefits under the Plan in respect of current service.
An investigation into the ability of a Pension Plan to meet its liabilities; conducted by an actuary and is usually done to assess the funding level and to provide a recommended contribution rate, by the employer, based on a comparison between the actuarial value of assets and liabilities.
The individual or institution who is responsible for the management of the pension plan, i.e., who arranges for pension payments, funding of the plan, monitoring the entries and departures to and from the Plan, etc.
After tax return
The rate of return an investor will receive after adjusting for inflation.
A series of payments made at certain intervals until a particular event occurs. This event is usually the death of the annuitant or the end of a stated period.
The increase in the value of an investment over time.
Approved Retirement Scheme
A scheme to which members, usually self-employed or who are not members of an approved superannuation fund, make contributions towards a pension.
The lowest price that anyone has declared that he will sell his security for at a given time.
An item of value, usually income producing.
The distribution of invested money over different type of investment instruments such as stocks, bonds and money market instruments.