Rate Credit Or Deficiency
Definition of "Rate credit or deficiency"
Annual contributions to a pension plan that exceed or are smaller than the minimum required for future employee benefits currently being earned; and any supplemental liability for past benefits earned but not previously funded.
Popular Insurance Terms
Person other than the annuitant as designated by the policyholder on whose life expectancy the annuity payment is also based. ...
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Insurance policy for which the required premium has been paid. ...
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