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With iceWhen issued.With ice Similar MatchesInvestment Company with Variable CapitalInvestment Company with Variable CapitalAn open-ended collective investment vehicle, similar to a unit trust. As with unit trusts, the money invested by savers is pooled, and then invested in the markets by professional fund managers appointed by the ICVC. The advantage to savers is that by putting their savings together with savings of other individuals, they get the benefits of diversification, and also of professional fund management. The difference between an ICVC and a unit trust is that an ICVC is a company rather than a trust. If you put savings into it, you have shares, not units. Also, an ICVC has just one price, whether you are buying or selling shares in it, with charges shown separately. With dividendWith dividendPurchase of shares that entitle the buyer to the forthcoming dividend. Related: Ex-dividend. Full with profit endowmentFull with profit endowmentThe most expensive endowment plan with the highest guaranteed returns. This type of endowment guarantees an annual growth and also to pay off the full loan at maturity which is the cause of the added expense. It also has built in life cover. The future growth of your investment is assumed to be at a certain rate, which determines the level of your premiums. The portion of your premium that is being invested is pooled with the premiums of other investors. Annual bonuses are added to the maturity value each year and are dependent on the performance of the investment fund. There is a possibility that the bonuses will take the maturity value above the level required to pay back the loan. This would result in a tax-free cash surplus, which you can spend on whatever tickles your fancy. In service withdrawalIn service withdrawalA participant-initiated withdrawal from an employer-sponsored retirement plan while the participant is still employed by the company. Unitised with profitsUnitised with profitsWith-profits and investment-linked funds combined in the same contract with the choice of switching between them. Further SuggestionsEarly withdrawalwithholding tax Withholding tax without prejudice Joint tenants with right of survivorship In touch with Early withdrawal penalty Without Recourse Financing Underwithholding Without Recourse Negotiable order of withdrawal (NOW) Day of deposit to day of withdrawal account With Particular Average (WPA) With Average (WA) Lease With Option To Purchase Not a name with us Unitised with profit endowment early withdrawal penalty Without Automatic withdrawal Without recourse Negotiable Order of Withdrawal Account (NOW) Systematic withdrawal plan High withholding tax interest income withholding |
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