The Definition of Disability

question 19

Multiple Choice

The definition of disability:

• A)is universally accepted.
• B)varies.
• C)is standardized by the American Council of Life Insurance.
• D)has been formalized by the National Disability Council.
• E)is provided by the Insurance Information InstitutE.

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Definitions:

Year-End

The conclusion of a fiscal year when a company completes its accounting period, often used to finalize financial reports and assess annual performance.

Present Value

The present worth of a future amount of money or series of cash inflows, calculated using a given rate of return.

Annual Net Cash Flows

Annual net cash flows represent the amount of cash a company generates or loses within a year from its operating, investing, and financing activities.

Required Return

The minimum amount of profit or gain an investor expects to achieve from an investment to make it worthwhile.