PENSION MAXIMIZATION is a controversial strategy, often espoused by life insurance agents, of using insurance to augment a company benefit plan. Under this arrangement, a retiree takes pension payments for his or her own life only and buys life insurance to provide for a surviving spouse. Also known as pension max.
ACCOUNTING EVENT is when the assets and liabilities of a business increase/decrease or when there are changes in owners equity.
ACH is Automated Clearing House.
Enter a term, then click the entry you would like to view.