Securities Act Of

Definition of "Securities act of 1933"

Landmark legislation passed by Congress providing the first regulation of the securities markets. The law, enforced by the securities and exchange commission (sec), requires registration of securities issues and disclosure of material information about the financial condition of the issuers. Variable annuity and variable life insurance policies have been determined to be securities under the terms of this law and thus are subject to regulation both by the SEC and by state insurance departments.

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Internal Revenue Code: Section 501 (c)

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Defeasible

Claude in a contract, title, or mortgage that is subject to being annulled, repealed, or revoked upo ...

Tax Stop

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Possibility that a borrower will not be able to service the debt (pay the interest on the borrowed f ...

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Difference between the earned premiums and the losses and expenses of an insurance company. ...

Profit And Loss Statement

Same as term income statement: Also called profit and loss statement. A financial statement depictin ...

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