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Living benefits

Definition:

Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Stock buyback

A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share.

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