List and Define the Three Parts of the OASDI Program

question 35

Essay

List and define the three parts of the OASDI program.(Old-Age,Survivor,and Disability Insurance (OASDI))

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Definitions:

Debt Securities

Financial instruments representing money borrowed that must be repaid, with terms that include the amount, interest rate, and maturity date.

Fixed Maturity

Refers to financial instruments like bonds or loans that have a specified repayment date.

Subsidiary Company

A company that is completely or partially owned and controlled by another company, known as the parent company.

Parent Company

A corporation that owns enough voting stock in another firm to control management and operations.