Examlex
A business objective should include a specific time frame for achieving the objective.
Contingent Immunization
A mixed passive-active strategy that immunizes a portfolio if necessary to guarantee a minimum acceptable return but otherwise allows active management.
Risk Tolerance
An investor's ability or willingness to endure market volatility and potential loss in the value of investments.
Life Cycle
The series of stages through which a product or project passes, from initial concept through growth, maturity, and eventual decline.
Tax-Deferral Option
The feature of the U.S. Internal Revenue Code that capital gains tax is assessed only when the asset is sold.
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