Examlex
In some cases,it is not practical to demonstrate the product itself.
Capital Gains
The profit from the sale of assets or investments when the selling price exceeds the original purchase price.
Adjusted Gross Income
An individual's total gross income minus specific deductions. It's used as the basis for calculating taxable income.
Tax-deferred
An investment in which taxes on the principal and/or earnings are delayed until the funds are withdrawn, commonly seen in retirement accounts like 401(k)s and IRAs.
Accumulation Period
The time frame in which an investment, such as a annuity, accumulates interest or income before disbursement or annuitization.
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