Equivalent pension benefit


 

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Equivalent pension benefit

The benefit which an employer must give an employee who was contracted out of the old graduated pension scheme.



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Equivalent strategy

Equivalent strategy

An options strategy which has the same risk-reward profile as another strategy. For example, a long May 60-65 call vertical spread is equivalent to a short May 60-65 put vertical spread.


Corporate taxable equivalent

Corporate taxable equivalent

Rate of return required on a par bond to produce the same after-tax yield to maturity that the quoted premium or discount bond would generate.


Equivalent tariff

Equivalent tariff

Tariff equivalent.


Producer subsidy equivalent

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1. Producer support estimate. 2. This ought logically to measure the extent to which existing policies serve to subsidize producers, defined as the ad valorem subsidy that, if paid directly to producers per unit of production, would lead to the same level of output as existing policies.


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Annual yield on a short-term, noninterest-bearing security calculated for comparison to yields quoted on coupon securities.


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