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Term Life Insurance |
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A life insurance plan that
provides death benefit protection only and for a
specified period of time (term). The policy pays
benefits only if the insured dies during the term.
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Treasury Bill |
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A negotiable debt obligation
issued by the U.S. government and backed by its
full faith and credit, having a maturity of one
year or less. Exempt from state and local taxes.
Also called Bill or T-Bill or U.S. Treasury Bill.
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Time Value |
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The amount by which an option's
premium exceeds its intrinsic value. Also called
time premium. |
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Top-Down
Investing |
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An investment strategy which
first finds the best sectors or industries to invest
in, |
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and then searches for the best
companies within those sectors or industries. This investing
strategy begins with a look at the overall economic picture
and then narrows it down to sectors, industries and companies
that are expected to perform well. Analysis of the fundamentals
of a given security is the final step. |
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Traded Endowment Policy
- TEP |
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An Endowment Policy is a type of
life insurance that has a value that is payable to the
insured if he/she is still living on the policy's maturity
date, or to a beneficiary otherwise. They are normally
"with profits
policies". If the insured does not wish to wait until
maturity to receive the value they can either surrender
it back to the issuing insurance company, or they can
sell the policy on the open market. |
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If the policy is
sold it then becomes a Traded Endowment Policy or TEP.TEP
Funds aim to buy and sell TEPs at advantageous prices
to make a profit. |
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Traded Options |
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Transferable options with the right
to buy or sell a standardised amount of a security at
a fixed price within a specified period. |
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Traditional Investments |
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Includes equities, bonds, high
yield bonds, emerging markets debt, cash, cash equivalents. |
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