What REFUND FEATURE means: An annuity has a refund feature if the annuitant and/or his or her survivors are guaranteed to receive an amount under the annuity at least eqaul to the amount paid for the annuity.
- Definition Regulated Investment Company (Mutual Fund):
- Dictionary that uses its capital to invest in other companies. The two principal types are closed-end and open-end mutual funds. Shares in closed-end mutual funds, some of which are listed on stock exchanges refund feature definition.
- Definition Royalty Interest:
- Dictionary oil and gas in place that entitles the holder to a specified fraction, in kind or in value, of the total production from the property, free of any expense of development and operation refund feature explain.
- Definition Recovery Period:
- Dictionary The period of years over which the cost of business assets is written off under ACRS or MACRS refund feature what is.
- Definition Return Of Capital Distribution:
- Dictionary capital distribution is a distribution that is not from the corporation's earnings and profits. The distribution is not taxable, but reduces the basis of the stock. Distributions in excess of refund feature meaning.
How works Refund Feature meaning in Tax definitions R .
