GUARANTEED INTEREST. RATE - The effective annual interest rate which we will credit for a specified Guarantee Period.
GUARANTEED INTEREST shall have the meaning ascribed thereto in the preamble of this Note.
GUARANTEED INTEREST. DIVISION - An investment option available in the General Account, an account which contains all of our assets other than those held in our Variable Separate Accounts.
Examples of GUARANTEED INTEREST in a sentence
The current Minimum Guaranteed Interest Rate will not be less than 1%.
The Accumulated Value is calculated by deducting the Charges set out in the Contract from the Premiums paid during the Accumulation Period and adding the Guaranteed Interest.
Reclamation bonds Reclamation bonds are required by the Ministry of Natural Resources and are mostly represented by Guaranteed Interest Certificates (“GIC”) held in the Company’s name at a bank.
The actual Minimum Guaranteed Interest Rate for your Contract is the amount shown on your Contract Schedule and applies only to amounts in the Fixed Account.
The Guaranteed Interest shall be calculated and added to the Accumulated Value on the last day of each month depending on the Accumulated Value as of the beginning of a respective month.
More Definitions of GUARANTEED INTEREST
GUARANTEED INTEREST. As to any SBA Section 7(a) Loan, the right to receive the guaranteed portion of the principal balance thereof together with interest thereon at a per annum rate in effect from time to time in accordance with the terms of the related SBA Form 1086. Certificateholders have no right or interest in the Guaranteed Interest.
GUARANTEED INTEREST. RATE -- The effective annual rate of interest LNY guarantees to credit on assets in each Fixed Subaccount. GUARANTEED PERIOD -- The length of the period during which an initial or subsequent Guaranteed Interest Rate will be credited. The Guaranteed Period is selected by the Owner from those made available by LNL at the time of selection. GENERAL ACCOUNT -- An account consisting of all assets owned by LNY other than those assets in segregated investment accounts. HOME OFFICE -- The principal office of LNY located at 000 Xxxxxxx Xxxxxx, Xxxxx 0000, Xxxxxxxx, Xxx Xxxx 00000, or an institution designated by LNY. LNY -- Lincoln Life & Annuity Company of New York. MATURITY DATE - The date by which an election to receive payments under an Annuity Payment Option must be made. The Maturity Date is the later of the Annuitant's 90th birthday or 10 years from the Contract Date. The Maturity Date is shown on the Contract Specifications. NET ASSET VALUE PER SHARE -- The market value of a Fund share calculated each day. NOTICE -- Any form of communication providing information as required by LNY, either in signed writing or another manner, that LNY approves in advance. All Notices must be received by LNY in the Servicing Office and must include all required information necessary to process the request. To be effective for any Valuation Date, a Notice must be received in good order prior to the end of that Valuation Date. OWNER -- The one person, two persons or entity who exercises rights of ownership under this Contract. If two persons are named as Owner, all references to Owner means joint Owner. PURCHASE PAYMENTS -- Amounts paid into this Contract by the Owner.
GUARANTEED INTEREST. Rate The annual effective rate of interest after daily compounding credited to a Guarantee Period Account. Market Value Adjustment A positive or negative adjustment to earnings in a Guarantee Period Account assessed if any portion of a Guarantee Period Account is withdrawn or transferred prior to the end of its Guarantee Period. Owner The person, persons or entity entitled to exercise the rights and privileges under this contract. Joint Owners are permitted and unless otherwise indicated, any reference to Owner shall include joint Owners. Pro Rata How a Payment or withdrawal may be allocated among the accounts. A Pro Rata allocation or withdrawal will be made in the same proportion that the value of each account bears to the Accumulated Value. Request A request or notice made by the Owner, in a manner consistent with the Company's current procedures, which is received and recorded by the Company. Qualified Contract A contract that is purchased in connection with a retirement plan which meets the requirements of sections 401, 403, 408 and 408A of the Internal Revenue Code. Separate Account A segregated account established by the Company. The assets in a Separate Account are not commingled with the Company's general assets and obligations. The assets of a Separate Account are not subject to claims arising out of any other business the Company may conduct. State The state or jurisdiction in which the contract is issued. Sub-Account A Variable Account subdivision that invests exclusively in shares of a corresponding Fund. Surrender Value The amount payable to the Owner on full surrender after application of any Market Value Adjustment, surrender charge and Contract Fee. Survivor Annuity Benefit The number of Annuity Units (under a Percentage variable joint life annuitization option) or the dollar value of the annuity benefit payments (under a fixed joint life annuitization option) paid during the surviving Annuitant's life may be less than or equal to the number of Annuity Units paid when both individuals are living. The Survivor Annuity Benefit Percentage is the percentage of total Annuity Units or dollars paid in each annuity benefit during the survivor's life. For example, with a Joint and Two-thirds Survivor Option, the Survivor Annuity Benefit Percentage is 66 2/3 %. This percentage is only applicable after the death of the first Annuitant. Valuation Date A day the values of all units are determined. Valuation Dates occur on each day the New York Stock Ex...
GUARANTEED INTEREST means the interest established by the Insurer and specified in the Insurance Certificate (Policy) which must be paid by the Insurer for the Accumulated Value.
GUARANTEED INTEREST means the total amount of interest that would accrue on this Note, at the Interest Rate specified in Section 2, from the date of this Note until the one year anniversary of the date of this Note.
GUARANTEED INTEREST the portion of an SBA Lender Loan guaranteed by SBA.
GUARANTEED INTEREST. RATES We will periodically establish an applicable Guaranteed Interest Rate for each Guarantee Period We offer. These rates will be guaranteed for the duration of the respective Guarantee Periods. No Guaranteed Interest Rate shall be less than an effective annual rate of 3% per year. MARKET VALUE ADJUSTMENT (MVA) Withdrawals from the fixed account will be subject to a MVA as follows: The MVA is applied to any withdrawal from the fixed account and includes the following: