Guaranteed Lifetime Withdrawal Benefit (GLWB).

A GLWB is a type of retirement income product that provides a guaranteed stream of income for life. The benefit is typically based on a percentage of the account balance, and the payout is typically made monthly. The advantage of a GLWB is that it can provide a measure of financial security in retirement, as … Read more

Perseroan Terbatas (PT).

A Perseroan Terbatas, or PT, is an Indonesian limited liability company. It is the most common type of company in Indonesia and is typically used for businesses that are large or have foreign ownership. The minimum number of shareholders for a PT is two, and the maximum is fifty. The shareholders of a PT are … Read more

Multi-Leg Options Order.

A multi-leg options order is an options trading order that involves the simultaneous purchase or sale of two or more options contracts. Multi-leg options orders can be used to trade a variety of different options strategies, including straddles, strangles, butterflies, and condors. Multi-leg options orders can be placed online or over the phone with a … Read more

Learn About Budget Surplus.

A budget surplus is when the government’s revenue exceeds its spending. The surplus is used to pay down the national debt or to fund other government initiatives. The government’s revenue comes from taxes, fees, and other sources. Its spending goes towards things like defense, education, and infrastructure. When the government’s revenue is greater than its … Read more