What Is a Segregated Fund? A segregated fund is a type of investment vehicle commonly used by Canadian insurance companies to manage individual, variable annuity insurance products. A segregated fund offers investment capital appreciation and life insurance benefits. Investors can expect to pay a slightly higher total expense ratio on segregated funds due to their more
What Is Segregation? Segregation is the separation of an individual or group of individuals from a larger group. It sometimes happens to apply special treatment to the separated individual or group. Segregation can also involve the separation of items from a larger group. For example, a brokerage firm might segregate the handling of funds in
What Is Seigniorage? Seigniorage is the difference between the face value of money, such as a $10 bill or a quarter coin, and the cost to produce it. In other words, the cost of producing a currency within a given economy or country is lower than the actual exchange value, which generally accrues to governments
What Is the SEK (Swedish Krona)? In the foreign currency exchange marketplace, SEK is the abbreviation for the Swedish krona which is the national currency of Sweden. It is among the top currencies currently trading in the world Forex (FX) market. Key Takeaways In the foreign currency exchange marketplace, SEK is the abbreviation for the Swedish
What Is the Swedish Krona (SEK)? SEK is the currency code for the Swedish krona, the currency for Sweden. The Swedish krona is made up of 100 öre and is often presented with the symbol “kr.” The krona, which means “crown” in Swedish, has been Sweden’s currency since 1873 and is also expressed by the symbol KR.
What Is a Select Mortality Table? A select mortality table is a mortality table, a grid of numbers showing how long people of different demographics are expected to live, based only on those individuals who have recently purchased life insurance policies. These individuals tend to have lower mortality rates than individuals who are already insured
What Is a Self-Directed IRA (SDIRA)? A self-directed individual retirement account (SDIRA) is a type of individual retirement account (IRA) that can hold various alternative investments normally prohibited from regular IRAs. Although a custodian or trustee administers the account, it’s directly managed by the account holder, which is why it’s called self-directed. Available as either
What Is Self-Employment? A self-employed person does not work for a specific employer who pays them a consistent salary or wage. Self-employed individuals, or independent contractors, earn income by contracting with a trade or business directly. In most cases, the payer will not withhold taxes, so this becomes the responsibility of the self-employed individual. Self-employed
Who Is a Self-Employed Person? A self-employed person is an independent contractor or a sole proprietor who reports self-employment income. Self-employed people work for themselves in a variety of trades, professions, and occupations rather than working for an employer. Depending on the jurisdiction, self-employed persons may have special tax-filing requirements. Key Takeaways A self-employed person
What Is the Self-Employment Tax? The term self-employment tax refers to taxes self-employed individuals and small business owners pay to the federal government to fund Medicare and Social Security. The self-employment tax is similar to Federal Insurance Contributions Act (FICA) tax paid by employers. This tax is due when an individual has net earnings of
