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Banking

Surrender Fee

A sort of penalty that a insurance firm charges to an investor (policyholder/ annuity recipient) for early withdrawal of funds...

Surrender Charges

A sort of penalty that a insurance firm charges to an investor (policyholder/ annuity recipient) for early withdrawal of funds...

Soft Market

A market that is characterized by high levels of competition among insurance firms, decreasing prices, and declining underwriting standards as...