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Annuity

Definition 1

Contract

 sold by an 

Insurance

 company designed to provide payments to the holder at specified 

Intervals

, usually after retirement. The holder is taxed only when they start taking distributions or if they 

Withdraw

 funds from the account. All annuities are tax-deferred, meaning that the earnings from investments in these accounts grow 

Tax-deferred

 until 

Withdrawal

Annuity

 earnings are also 

Tax-deferred

 so they cannot be withdrawn without 

Penalty

 until a certain specified age. Fixed annuities 

Guarantee

 a certain payment amount, while variable annuities do not, but do have the potential for greater 

Return

. Both are relatively safe, low-yielding investments. An 

Annuity

 has a death 

Benefit

 equivalent to the higher of the current value of the 

Annuity

 or the amount the buyer has 

Paid

 into it. If the owner dies during the 

Accumulation

 phase, his or her heirs will receive the accumulated amount in the annuity. This 

Money

 is subject to 

Ordinary income

 taxes in addition to estate taxes.

Definition 2

More generally, a 

Series

 of payments of set size and frequency, often to a retired person.



Related Terms: 38

Account

,

Annuity

,

Accumulation

,

Buy

,

Benefit

,

Contract

,

Death benefit

,

Defer

,

ECI

,

Estate tax

,

Fund

,

FIN

,

Guarantee

,

High

,

Heir

,

Insurance

,

Inc.

,

Intervals

,

Low

,

Money

,

Mean

,

Own

,

Ordinary income

,

Penalty

,

Pot

,

Paid

,

Retire

,

Return

,

Rent

,

Rally

,

Ring

,

Series

,

Tax

,

Tax-deferred

,

UIT

,

Withdraw

,

Withdrawal

,

Yield


Other Related Pages:

Category: Taxes


Starting With: A


Semi Related Terms: 1014  CLICK HERE TO VIEW

10-Q

,

10-K

,

52-week high

,

52-week low

,

12b-1 funds

,

Account

,

Accounts receivable

,

Accounts receivable aging

,

Accounts receivable turnover

,

Account statement

,

Accumulated depreciation

,

Allowance for depreciation

,

Annuity unit

,

Average accounting return

,

Account aggregation

,

Account balance

,

Active account

,

Alternate account

,

Asset management account

,

Automatic Funds Transfer

,

Accreted value

,

Accrual of discount

,

Accumulation bond

,

After-tax basis

,

Amortization of premium

,

Amortized value

,

At par

,

Account executive

,

All or any part

,

At best

,

At call

,

Active money

,

Accumulated dividend

,

Accumulated earnings tax

,

Accumulated earnings

,

Accidental death benefit

,

Adjustable life insurance

,

All-risks coverage

,

Annuity

,

At risk

,

Annual return

,

Add-on service

,

Abstract of title

,

Action to quiet title

,

Adhesion contract

,

As is

,

Assignment to creditors

,

Attorney in fact

,

After acquired clause

,

After-acquired collateral

,

Assignment of mortgage

,

Aggressive growth fund

,

A shares

,

Asset allocation fund

,

Automatic investment plan

,

Automatic withdrawal

,

Average price per share

,

At the money

,

Accumulation unit

,

Actuarial equivalent

,

After-tax contributions

,

Age-weighted plan

,

Annuity factor method

,

Across the board

,

Additional paid-in capital

,

Affiliated person

,

Abusive tax shelter

,

Ad valorem

,

After-tax

,

Alternative Minimum Tax

,

Amended return

,

Amount recognized

,

Assessed value

,

Arithmetic mean

,

Accumulation

,

After-hours trading

,

Against the box

,

At the bell

,

At the close

,

At the figure

,

At the full

,

At the market

,

At the opening order

,

Automated Pricing and Reporting System

,

Away from the market

,

Back pay

,

Below the line

,

Books of final entry

,

Books of original entry

,

Book value per share

,

Bank holding company

,

Banking Act of 1933

,

Barren money

,

Balanced fund

,

Bid-to-cover ratio

,

Blend fund

,

Bond Buyer

,

Bond equivalent yield

,

Bond fund

,

Bullet contract

,

Bureau of Public Debt

,

Buy

,

Brought over the wall

,

Buying on margin

,

Buy limit order

,

Buy minus

,

Buy minus order

,

Buy on close

,

Buy on opening

,

Buy order

,

Buy stop order

,

Buy the book

,

Broad money

,

Basic earnings per share

,

Balance of payments

,

Board of Governors

,

Benefit

,

Beneficial owner

,

Breaking the syndicate

,

Bill of exchange

,

Bill of sale

,

Breach of trust

,

By the book

,

Bailing out

,

Balloon payment

,

Breakup value

,

B shares

,

Buy and write

,

Benefit offset

,

Buy-side

,

Balanced investment strategy

,

Back taxes

,

Before-tax income

,

Break-even tax rate

,

Breadth-of-market theory

,

Beat the gun

,

Capital investment

,

Cash earnings

,

Common-size statement

,

Contra account

,

Cost Of Goods Sold

,

Cost of sales

,

Current debt

,

Current liabilities

,

Central assets account

,

Checking account

,

Clearinghouse funds

,

Current income

,

Custodial account

,

Certificate of Participation

,

Committee on Uniform Securities Identification Procedures

,

Common stock equivalent

,

Conversion value

,

Corporate bond equivalent

,

Coupon yield

,

Current coupon bond

,

Current issue

,

Current market value

,

Current maturity

,

Current production rate

,

Current yield

,

Call money rate

,

Cash account

,

Closed out

,

Code of procedure

,

Contra broker

,

Contract broker

,

Capitalization of income

,

Capital account

,

Cost of Living Adjustment

,

Cost-of-living index

,

Council of Economic Advisers

,

Current account

,

Current dollars

,

Cash and carry trade

,

Chasing the market

,

Cheapest to deliver

,

Chicago Board of Trade

,

Commodities Exchange Act

,

Contract grades

,

Contract market

,

Contract month

,

Current delivery

,

Cash surrender value

,

Cash value

,

Cash value life insurance policy

,

Cash withdrawal

,

Casualty insurance

,

Convertible term insurance

,

Cost-of-living rider

,

Credit insurance

,

Credit life insurance

,

Capital gains distribution

,

Certificate of stock

,

Cost of carry

,

Certificate of title

,

Contract

,

Contract for deed

,

Contract sale

,

Cancellation of debt

,

Cash-out refinancing

,

Certificate of Claim

,

Cost of debt capital

,

Cost of funds

,

Crowding out

,

Controlled company

,

Capital appreciation fund

,

Clone fund

,

Closed-end fund

,

Closed-end investment company

,

Closed fund

,

Contingent deferred sales charge

,

Crossover fund

,

C shares

,

Class of options

,

Close to the money

,

Contract size

,

Certificate of Occupancy

,

Cloud on title

,

Cash or Deferred Arrangement

,

Combination annuity

,

Class A Shares

,

Class B Shares

,

Crash of 1929

,

Crash of 1987

,

Capital gains tax

,

Child and dependent care credit

,

Consolidated tax return

,

Coefficient of determination

,

Cup and handle

,

Certificate of delivery

,

Close a position

,

Close out

,

Cornering the market

,

Curbs in

,

Curbs out

,

Deferred charge

,

Deferred credit

,

Deferred revenue

,

Deferred tax

,

Deposit in transit

,

Drawing account

,

Date of issue

,

Date of payment

,

Deferred interest bond

,

Delivery vs. payment

,

Distribution date

,

Drawn securities

,

Discretionary account

,

Division of Enforcement

,

Division of Investment Management

,

Division of Market Regulation

,

Do Not Reduce

,

Date of record

,

Distribution period

,

Dividend in arrears

,

Desk (the)

,

Diminishing marginal returns

,

Diminishing return

,

Division of labor

,

Deferred month

,

Death benefit

,

Disability insurance

,

Dual life insurance

,

Distribution stock

,

De-escalation clause

,

De facto

,

Defer

,

Doing business as

,

Durable Power of Attorney

,

Date of maturity

,

Debtor in possession

,

Debtor-in-possession financing

,

Debt retirement

,

Deed of Release

,

Deed of Trust

,

Deferred payment

,

Discharge of bankruptcy

,

Discharge of lien

,

Down payment

,

Due-on-sale clause

,

Dual-purpose fund

,

Deep in the money

,

Deep out of the money

,

Deed of Surrender

,

Department of Housing and Urban Development

,

Deferred account

,

Deferred annuity

,

Deferred payment annuity

,

Defined benefit plan

,

Defensive investment strategy

,

Dogs of the Dow

,

Disposable income

,

Daily high

,

Daily low

,

Depth of market

,

Discount yield

,

Earning asset

,

Earnings report

,

Economic value

,

Electronic Funds Transfer

,

Eurodollar certificate of deposit

,

Escrowed to maturity

,

External funds

,

Either-or order

,

Extended broad money

,

Earnings yield

,

ECI

,

Edge Act

,

E-mini

,

Exchange for futures

,

Exchange for physical

,

Exchange of spot

,

Excess insurance

,

Executive indemnity insurance

,

Effective tax rate

,

Ex-all

,

Expected return

,

Equitable owner

,

Enhanced index fund

,

Environmental fund

,

Equity fund

,

Exchange fund

,

Economic rent

,

Estate tax

,

Early withdrawal penalty

,

Earned benefit

,

Employee Retirement Income Security Act of 1974

,

Excess accumulation

,

Excess distribution

,

Earned income tax credit

,

Estimated tax

,

Excess profits tax

,

Excise tax

,

Excess returns

,

Exchange distribution

,

First In First Out

,

Fixed asset

,

Fixed-charge coverage ratio

,

Fixed cost

,

Form 10-Q

,

Federal Deposit Insurance Corporation

,

Federal funds

,

Federal Savings and Loan Association

,

Fed funds

,

Frozen account

,

Face-amount certificate

,

Fixed income

,

Fixed income equivalent

,

Fixed-income arbitrage

,

Flat yield curve

,

Flight to quality

,

Flow of funds

,

Fill or kill

,

Front-ending an order

,

Fund supermarket

,

Fiat money

,

Forward P/E

,

Fully diluted earnings per share

,

Factors of production

,

Favorable balance of trade

,

Futures contract

,

Foreign direct investment

,

Face amount

,

Fee-for-service

,

Fixed annuity

,

Fixed benefits

,

Fixed premium

,

Fair market value

,

Form 8-K

,

Form S-1

,

Friends and family offering

,

Fund

,

Fair Credit Reporting Act

,

Fair Debt Collection Practices Act

,

Finance company

,

Fixed rate

,

Fixed-rate loan

,

Fixed-Rate Mortgage

,

Full faith and credit

,

Family of funds

,

Focused fund

,

Fund family

,

Fund manager

,

Fund of funds

,

Free and clear

,

Federal Insurance Contributions Act

,

Flexible benefit plan

,

Flexible spending account

,

Fixed investment trust

,

Free right of exchange

,

Federal ID Number

,

Federal Tax Identification Number

,

Federal tax lien

,

FIN

,

Flat tax

,

Franchise tax

,

Fair value

,

Generally Accepted Accounting Principles

,

Gross income

,

General Obligation Bond

,

Guaranteed Investment Contract

,

General account

,

General Securities Representative Examination

,

Glass-Steagall Act

,

Good Til Canceled

,

G-7

,

General Accounting Office

,

General Agreement on Tariffs and Trade

,

Great Depression

,

G-8

,

Global fund

,

Group insurance

,

Guarantee

,

General lien

,

General mortgage

,

Graduated payment

,

Growth and income fund

,

Growth fund

,

Gather in the stops

,

Greater fool theory

,

Gift tax

,

High-grade bond

,

High yield

,

Hart-Scott-Rodino Act of 1976

,

Hit the bid

,

House account

,

House of issue

,

Hazard insurance

,

Health insurance

,

Health Insurance Portability and Accountability Act

,

High

,

High-flyer

,

High-tech stock

,

Holding company

,

Heir

,

Holder in due course

,

Hang out loan

,

High credit

,

High-ratio mortgage

,

Home equity line of credit

,

Home Mortgage Disclosure Act

,

HUD-1 statement

,

Hedge fund

,

Historical yield

,

Hybrid annuity

,

Hidden tax

,

Head and shoulders

,

High-low index

,

Hammering the market

,

Held at the opening

,

Holding the market

,

Imputed value

,

Income statement

,

Investment flows

,

Inactive account

,

Insured account

,

Income bond

,

In escrow

,

Intrinsic value

,

Inverted yield curve

,

Investment bill

,

Investment-grade bond

,

Investment letter

,

Investment security

,

Investment value

,

In-house

,

Investment Advisor Act of 1940

,

Investment bank

,

Investment banker

,

Investment Bankers Association

,

Investment banking

,

Investment banking group

,

Investment Company Act of 1940

,

Income coverage

,

Income stock

,

Indicated yield

,

In line

,

Income distribution

,

International Monetary Fund

,

Investment multiplier

,

Insurance

,

Insurance agent

,

Insurance broker

,

Insurance carrier

,

Insurance claim

,

Insurance examiner

,

Insurance policy

,

Insurance premium

,

Insider Trading sanctions Act of 1984

,

Internal Rate of Return

,

Indication of interest

,

Institutional pot

,

Inc.

,

In intestacy

,

Inter vivos trust

,

Interest-only loan

,

In play

,

In-process research and development

,

Income fund

,

Income risk

,

Index fund

,

Institutional fund

,

International fund

,

Investment company

,

Investment fund

,

Investment objective

,

Investment policy

,

Investment trust

,

Intervals

,

I/O strip

,

Income property

,

Inheritance tax

,

Installment sales contract

,

Interest-only strip

,

Investment property

,

Immediate payment annuity

,

Incidental benefit

,

Income replacement ratio

,

In-service withdrawal

,

Investment philosophy

,

Income exclusion rule

,

Individual tax return

,

Imbalance of orders

,

In and out

,

In sympathy

,

In the tank

,

Joint account

,

Jointly and severally

,

Jumping the gun

,

Joint will

,

Joint and several liability

,

Joint and survivor annuity

,

Joint life annuity

,

Joint Stock Company

,

Joint return

,

Joint tax return

,

Knock-out option

,

Last In First Out

,

Liquidation value

,

Lender of last resort

,

Law of one price

,

Lending at a rate

,

Limit-on-close order

,

Long Market Value

,

Lawful money

,

Look-through earnings

,

Law of demand

,

Law of supply

,

London International Financial Futures and Options Exchange

,

Limited company

,

London Inter-Bank Offer Rate

,

Level premium insurance

,

Level term insurance

,

Life insurance

,

Long-term care insurance

,

Lump sum distribution

,

Letter of comment

,

Legal age

,

Living will

,

Line of credit

,

Loan-to-cost

,

Loan-to-value

,

Loan value

,

Loan-value ratio

,

Lock-in

,

Lifecycle fund

,

Load-adjusted return

,

Load fund

,

Land contract

,

Life annuity

,

Leading the market

,

Limited Liability Company

,

Locked in

,

Long-term gain or loss

,

Luxury tax

,

Lognormal distribution

,

Level I quotes

,

Low

,

Money center bank

,

Money order

,

Mutual company

,

Maturity value

,

Minimum yield

,

Minus yield

,

Municipal bond fund

,

Municipal bond insurance

,

Municipal Bond Insurance Association

,

Municipal investment trust

,

Muni fund

,

Make a market

,

Managed account

,

Margin account

,

Market if touched order

,

Market on close order

,

Mark-to-market

,

Money management

,

Medium of exchange

,

Money

,

Marginal propensity to consume

,

Major medical insurance

,

Mortgage life insurance

,

Minimum payment

,

Money at call

,

Money factor

,

Management company

,

Mutual fund

,

Mutual fund custodian

,

Mutual fund symbol

,

Matching funds

,

Minimum distribution

,

Mean

,

Mean return

,

Market return

,

Market-value weighted index

,

Mixed account

,

Money flow

,

Net book value

,

Net current assets

,

Net income

,

Net income multiplier

,

Net investment

,

Net Operating Income

,

Near money

,

Negotiable certificate of deposit

,

Negotiable Order of Withdrawal

,

Nostro account

,

Negative yield curve

,

Normal yield curve

,

Notice of Sale

,

National Association of Securities Dealers

,

National Association of Securities Dealers Automated Quotations system

,

No limit order

,

No quote

,

Normalized earnings

,

No-Fault

,

Nonparticipating life insurance policy

,

Net Asset Value

,

Net estate

,

No-Action Letter

,

Null and void

,

No-lien affidavit

,

Notice of Default

,

Notional principal amount

,

No-load

,

Non-resident alien tax

,

National Association of Real Estate Investment Trusts

,

Non-investment property

,

Nonforfeitable benefit

,

Nonperiodic distribution

,

Non-qualified retirement plan

,

Normal retirement age

,

No-load stock

,

Nominal value

,

Normal distribution

,

New high

,

No book

,

Off the books

,

One time charge

,

Other current assets

,

Office of Thrift Supervision

,

Ordinary interest

,

Out-of-favor

,

Over-the-Counter

,

On-floor order

,

On margin

,

Option account

,

Or better

,

Other income

,

Omnibus account

,

Offshore company

,

One-share one-vote rule

,

Opinion of title

,

On account

,

On-the-spot loan

,

Owner financing

,

Open-end fund

,

Open-end management company

,

Option income fund

,

Option contract

,

Option holder

,

Option series

,

Out of the money

,

Own

,

Old age, survivors, and disability insurance

,

Ordinary income

,

Ordinary loss

,

On-balance volume

,

Odd lot buy/sell ratio

,

On close

,

One man picture

,

On open

,

On the opening

,

Owner-employee

,

Pooling of interests

,

Pre-tax profit margin

,

Profit and loss statement

,

Pro forma

,

Penalty

,

Payment date

,

Payment-in-kind security

,

Phantom income

,

Positive yield curve

,

Premium over bond value

,

Premium over conversion value

,

Price Value of a Basis Point

,

Payment for order flow

,

P&L

,

Primary earnings per share

,

Provision for income taxes

,

Participating insurance

,

Periodic payment plan

,

Private Mortgage Insurance

,

Pot

,

Public company

,

Per stirpes

,

Pour-over will

,

Power of Attorney

,

Paid

,

Paid up

,

Personal guarantee

,

Prepayment penalty

,

Principal amount

,

Prioritization of debt

,

Purchase-money mortgage

,

Private Market Value

,

Pooled fund

,

Prime rate fund

,

Publicly-traded fund

,

Pure index fund

,

Premium income

,

Passive income

,

Property tax

,

Pension benefit

,

Pension Benefit Guaranty Corporation

,

Pension fund

,

Premature distribution

,

Preretirement survivor annuity

,

Prudent Expert Act

,

Paid-in capital

,

Paid-in surplus

,

Percent held by institutions

,

Private company

,

Private Investment in Public Equity

,

Portfolio insurance

,

Preservation of capital

,

Progressive tax

,

Proportional tax

,

Point-and-figure chart

,

Probability distribution

,

Painting the tape

,

Priced out

,

Profit-taking

,

Qualified retirement plan

,

Qualifying annuity

,

Quick turn

,

Replacement value

,

Reports and Records

,

Residual value

,

Return of capital

,

Return on Capital

,

Return on Invested Capital

,

Return on Total Assets

,

Risk adjusted return

,

Regulation Q

,

Real Estate Mortgage Investment Conduit

,

Retire

,

Return

,

Reading the tape

,

Receive against payment

,

Receive versus payment

,

Regulation D

,

Regulation G

,

Regulation T

,

Regulation U

,

Restricted account

,

Round of funding

,

Rule 15c3-1

,

Rules of Fair Practice

,

Rate of exchange

,

Reciprocal of European terms

,

Recast earnings

,

Regulated investment company

,

Retained earnings

,

Round turn

,

Regional fund

,

Registered Retirement Savings Plan

,

Reduced paid-up insurance

,

Replacement cost insurance

,

Red herring

,

Registered Company

,

Regulation A

,

Right of first refusal

,

Right of rescission

,

Right to Know

,

Real estate owned

,

Regulation Z

,

Reset frequency

,

Reverse-annuity mortgage

,

Revolving line of credit

,

Right of recourse

,

Rule of 78

,

Raw land

,

Real estate

,

Real estate agent

,

Real estate broker

,

Rent

,

Rent control

,

Right of redemption

,

Required Minimum Distribution

,

Retirement Equity Act of 1984

,

Risk/return trade-off

,

Regressive tax

,

Relative Strength Index

,

Return on Capital Employed

,

Rally

,

Rate of return

,

Real rate of return

,

Ring

,

Salvage value

,

Selling, General and Administrative Expenses

,

SG&A

,

Savings account

,

Savings and Loan

,

Savings Association Insurance Fund

,

Sight letter of credit

,

Signature guarantee

,

S&L

,

State bank

,

Stop payment

,

Secondary distribution

,

Securities and Exchange Commission

,

Series bond

,

Series EE bond

,

Series HH bond

,

Sinking fund

,

Straight value

,

Segregation of securities

,

Sell the book

,

Series 6

,

Series 63

,

Series 7

,

Sweep account

,

Standard of living

,

Series 3

,

Second-to-die insurance

,

Self insurance

,

Separate account

,

Single-premium life insurance

,

Stock life insurance company

,

Surrender value

,

Survivor benefit

,

Survivorship insurance

,

Severally but not jointly

,

Statute of Limitations

,

Statutory investment

,

Sale and leaseback

,

Satisfaction of debt

,

Single-payment loan

,

Standard payment calculation

,

Start rate

,

Staggered board of directors

,

Sector fund

,

Series fund

,

Socially responsible fund

,

Specialized fund

,

Specialty fund

,

Stock fund

,

Systematic investment plan

,

Selling the spread

,

Series

,

Short market value

,

Savings Incentive Match Plan for Employees

,

Self-directed retirement account

,

Single-life annuity

,

Single-Premium Deferred Annuity

,

Social Security Tax

,

Santa Claus rally

,

Shareholder value

,

Selling short against the box

,

Shorting against the box

,

Sales tax

,

S Corporation

,

Self-employment tax

,

Separate tax returns

,

Short-term gain or loss

,

Sin tax

,

Subchapter M

,

Subchapter S Corporation

,

Same Day Funds Settlement

,

Schedule C

,

Securities Act of 1933

,

Securities Acts Amendments of 1975

,

Securities Exchange Act of 1934

,

Seek a market

,

Smart money

,

S&P phenomenon

,

Stop and reverse

,

Stopped out

,

Tax anticipation note

,

Tax-exempt bond

,

Tax renevue anticipation note

,

T-Bill

,

Term to maturity

,

Take a position

,

Total return

,

Trailing P/E

,

Tight money

,

Tax haven

,

Term insurance

,

Title insurance

,

Tax

,

Tax schedule

,

Total return index

,

Tenancy by the entirety

,

Trust company

,

Trust fund

,

TED spread

,

Truth in Lending

,

Tax-free bond fund

,

Tax-managed fund

,

Theoretical value

,

Tax lien

,

Tax roll

,

Tenancy at will

,

Title company

,

Transfer tax

,

Tax deferral

,

Tax-deferred

,

Top hat plan

,

Transfer payments

,

Ten-bagger

,

The Street

,

Timing the market

,

Taxable income

,

Tax-advantaged

,

Tax audit

,

Tax base

,

Tax basis

,

Tax bracket

,

Tax-deductible

,

Tax deduction

,

Tax-efficient

,

Tax evasion

,

Tax-exempt

,

Tax identification number

,

Tax loss carryback

,

Tax loss carryforward

,

Tax lot

,

Taxpayer Relief Act of 1997

,

Tax planning

,

Tax preference item

,

Tax Reform Act of 1986

,

Tax Reform Act of 1993

,

Tax return

,

Tax sale

,

Tax shelter

,

Tax shield

,

Tax swap

,

Tax tables

,

Top out

,

Take a bath

,

U.S. Government Agency Security

,

U.S. Savings Bond

,

U.S. Treasury

,

U.S. Treasury Bill

,

U.S. Treasury Bond

,

U.S. Treasury Note

,

U.S. Treasury Securities

,

Unlimited tax bond

,

Undermargined account

,

Uniform Securities Act

,

Umbrella liability insurance

,

UIT

,

Unit Investment Trust

,

Unified Tax Credit

,

Unit of trade

,

Unit of trading

,

Variable rate

,

Value stock

,

Variable life

,

Variable universal life

,

Voluntary accumulation plan

,

Variable ratio write

,

Value averaging

,

Value investing

,

Variable ratio plan

,

Value Added Tax

,

Written-down value

,

Withdraw

,

Withdrawal

,

With interest

,

Williams Act

,

Wrap account

,

World fund

,

Waiver of premium

,

Widow-and-orphan stock

,

W-2 Form

,

W formation

,

When, as, and if issued

,

When issued

,

X or XD

,

Year-To-Date

,

Yield

,

Yield burning

,

Yield curve

,

Yield elbow

,

Yield spread

,

Yield to call

,

Yield to maturity

,

Yield to worst

,

Y shares

,

Z shares

,

Zero-investment portfolio


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