Term of the Day

recovery

1. Accounting: (1) absorption of a cost through its allocation to an appropriateaccount. (2) collection of receivables that were written off as bad debt
2. Banking: collection of a loan amount from a borrower in default
3. disaster planning: Activities or steps that are to be implemented after a disaster toreturn all operations and systems to their normal status
4. Economics: phase in...
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Usage Example
The economic recovery began once the unemployment rate dropped and more companies began hiring again, thus pulling the nation out of a recession.
Term of the Day

annuity

  1. contract sold by an insurance company designed to provide payments to theholder at specified intervals, usually after retirement. The holder istaxed only when they start taking distributions or if they withdraw fundsfrom the account. All annuities are tax-deferred, meaning that the earningsfrom investments in these accounts grow tax-deferred until withdrawal. Annuity earnings are also...
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Usage Example
One form of saving for retirement is an annuity, where funds can be grown until annuitization and then are paid out in the form of a steady cash flow throughout retirement.

Notable Quotable
"The surest way to establish your credit is to work yourself into the position of not needing any." 
-Maurice Switzer
“Your intuitive factor is what picks up other peoples vibration” ― Bob Proctor
Everyone has an intuitive factor and anyone can develop this mental faculty through exercise. Learn to trust that voice ... 
THE INTUITIVE FACTOR: Genius or Chance?
Examines the psychology of intuition-that sudden insight into the truth or facts of a situation-showing how intuition figures in our everyday lives, from our dreams and family relations to business decisions.
  • What exactly is intuition?
  • Where does it come from?
  • Who is intuitive?
  • How accurate is intuition?
I thought these oft repeated terms are a good thing to provoke thoughts today.
Have a Great Day Ahead.
(Paintings above by Amateur Artist - Dhananjay Parkhe)