Examlex
A contract requiring payment of an annual premium in exchange for the payment of a future stream of payments beginning at a specified age and continuing until death is
Net Income
Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.
Depreciation
The process of allocating the cost of a tangible asset over its useful life.
Net Income After Taxes
The profit a company retains after all operating expenses, interest, taxes, and preferred stock dividends have been deducted from total revenue.
Operating Costs
Operating costs are expenses associated with the maintenance and administration of a business on a day-to-day basis.
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