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insure |
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See: attest, avouch, bond, certify, cosign, cover, deposit, ensure, guarantee, guard, harbor, indemnify, pledge, preserve, promise, sponsor, underwrite, vow How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Most variable annuities today offer enhanced death benefits, which allow investors to periodically lock in market gains, thus insuring against future market downturns. When the specialists can't determine the cause of such seismic activity, a managing agent is left on his own in trying to determine the risk of such a future occurrence and adequate funds to allocate for insuring against same. Bodie [1995] employed the Black-Scholes model to determine the cost of insuring against a stock portfolio earning less than the risk-free rate of interest. |
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