What is American Association Of Insurance Services (AAIS) The American Association of Insurance Services (AAIS) was founded in 1936 and develops insurance policy forms and loss experience rating information that property and casualty insurance companies use. AAIS provides information to more than 700 insurance companies of all sizes that helps them with policy development, actuarial analysis
What Is an American Callable Bond? An American callable bond, also known as continuously callable, is a bond that an issuer can redeem at any time prior to its maturity. Usually, a premium is paid to the bondholder when the bond is called. A callable bond is also called a redeemable bond since the issuer can redeem it
What Is the American Code for Information Interchange (ASCII)? The American Code for Information Interchange, commonly called ASCII, is a computer language for text that became the standard for transmitting information between computers in 1963. The ASCII system translates alphanumeric characters and symbols into a computer-readable code. The original ASCII was English-only. There are now
What Is the American Council of Life Insurers (ACLI)? The American Council of Life Insurers (ACLI) is an association of American life insurance providers. The ACLI is based in Washington D.C. but its members span the entire nation. The organization deals with legislation on all levels of government that pertains to the treatment of life
What Is the American Dream? The American dream is the belief that anyone, regardless of where they were born or what class they were born into, can attain their own version of success in a society in which upward mobility is possible for everyone. The American dream is believed to be achieved through sacrifice, risk-taking
What Is an Alligator Spread? An alligator spread is a trading position that is destined to be unprofitable from the start because of the onerous fees and transaction costs associated with it. The term is often used in relation to the options market, where investors sometimes combine various put and call options to form complicated
What Is the All-Inclusive Income Concept? The all-inclusive, or comprehensive, income concept is an accounting method whereby all gains and losses, including those caused by extraordinary and nonrecurring items, are reported on a company’s income statement. Key Takeaways The all-inclusive income concept reports all gains and losses, including those not considered to stem from everyday
What Is an All-In Cost? An all-in cost consists of each and every cost involved in a financial transaction or business operation. All-in costs can be used to explain the total fees and interest included in a financial transaction, such as with a loan or certificate of deposit, or with a securities trade. By comparing
What Is Allocational Efficiency? Allocational efficiency, also known as allocative efficiency, is a characteristic of an efficient market where capital is assigned in a way that is most beneficial to the parties involved. Allocational efficiency represents an optimal distribution of goods and services to consumers in an economy and an optimal distribution of financial capital
What Is an Allocation Rate? An allocation rate is a percentage of an investor’s cash or capital outlay that goes toward a final investment. The allocation rate most often refers to the amount of capital invested in a product net of any fees that may be incurred through the investment transaction. An allocation rate may
