Examlex
A ___________ is used when all combinations of data are valid (like birth year is prior to marriage year) .
Traditional IRA
A Traditional IRA is a type of retirement account that allows individuals to direct pre-tax income toward investments that can grow tax-deferred until withdrawals begin at retirement age.
Deferred Annuity
A financial product that offers a stream of payments to the holder, typically starting at a future date, after an initial investment period.
Active Portfolio
In the context of the Treynor-Black model, the portfolio formed by mixing analyzed stocks of perceived nonzero alpha values. This portfolio is ultimately mixed with the passive market-index portfolio.
Nonsystematic Variance
The portion of an investment's variance that is attributable to the investment's specific factors, as opposed to the overall market movement.
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