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10
. Halifax - Investments - Glossary
free cash. An annuity can be considered as ’insurance for living too long’ since income will be paidpolicies to differentiate them from other types of insurance. AVC Additional Voluntary Essentially a loan that you make to a company or Government for a fixed period, during whichDividend The distribution of part of a company’s earnings to shareholders. The dividend is2009. Equities Shares in a company, entitling you to a proportion of any profits made by the company. top^ F Finalwhich operates as an actuarial consultancy along commercial lines. The Government Actuaries Department givesan individual has earned before tax, national insurance and other deductions during the 12 months of a
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http://www.halifax.co.uk/investments/glossary.asp
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