This is also known
as a convertibility option.
Most term life insurance policies offer what's known
as convertibility.
In 1991, the government launched a plan known
as convertibility, in which it pegged the Argentine peso to the dollar and promised to exchange pesos for dollars at any time.
Not exact matches
For instance, HSBC gave the Chinese yuan 4/10 for aggressiveness in 2013, down from 6/10 a year ago,
as the People's Bank of China becomes increasingly «hands off» and moves the yuan towards
convertibility.
These premia must do,
as I said, with default, with liquidity, but they also have to do more and more with
convertibility, with the risk of
convertibility [e.g. a country now using the Euro makes the political choice to leave the Euro and issue its own new national currency.
As a reaction against the 19th and early 20th centuries» rising trend of public regulation and money creation, this school describes money's value as based on its bullion content or convertibility, or on bank deposits and other financial asset
As a reaction against the 19th and early 20th centuries» rising trend of public regulation and money creation, this school describes money's value
as based on its bullion content or convertibility, or on bank deposits and other financial asset
as based on its bullion content or
convertibility, or on bank deposits and other financial assets.
An excellent example was Einstein's theory of relativity which predicted the
convertibility of matter and energy and the bending of light
as it crossed a heavy planetary object.
Convertibility As with convertible bonds, preferreds can often be converted into the common stock of the issuing company.
Dollar's status
as the world's reserve currency allows for ready acceptance /
convertibility of the dollar all over the world.
I am myself a libertarian in large part because of what happened on the evening of Sunday, 15 August 1971, when I watched Richard Milhous Nixon announce that by executive order he was «temporarily» closing the gold window (ain't nothing so permanent
as a «temporary» government measure) to divorce the U.S. dollar from the last vestige of even a fiction of specie
convertibility, thereby opening the sluices to the present flood of fiat currency inflation.
Depending on your type of policy, you may be able to convert all or a portion of your policy into a permanent policy without having to prove your insurability (commonly referred to
as a guaranteed
convertibility provision).
Convertibility: many policies allow you to convert term coverage into permanent insurance once the term is over without additional proof of good health — also known
as «evidence of insurability.»
The
convertibility permits the insured individual to modify from the original term life insurance policy into a longer lasting term policy,
as insurance needs change from time - to - time.
The instant
convertibility into fiat currency gives merchants the same benefits
as accepting greenbacks.