Furthermore, we searched for possible correlations between the diurnal defecation rate and 1) the calendar week of the accumulation period
, 2) the duration of the accumulation period
, and 3) the number of diurnal beds for part of the samples.
These guidelines set a clear policy on stock ownership and retention, and often send a strong message to directors that they must continue towards meeting their guideline level within the stated accumulation period
Contract holders will often elect different forms of annuities between the accumulation and distribution phases (i.e., a single premium deferred variable annuity is initially purchased, but is later annuitized after the accumulation period
as a fixed annuity providing a guaranteed monthly income).
"These are what I call protected-growth vehicles--funds that emphasize protection or preservation of principal over a defined accumulation period
, with equity participation on the upside."
'The whole accumulation period
has converted into ablation'.
the impact of the interest charge may be to essentially cause a tax of 100 percent of the distribution to the eventual beneficiary an accumulation period
of 20 years may be sufficient, depending on some assumptions.
During the accumulation period
, the annual return on the investment is taxed at rate [[tau].sub.g].
The purchase of a variable annuity (see Questions and Answers below) is not taxed on income during the accumulation period
. No tax will be payable until the earlier of: (a) the surrender of the contract; (b) withdrawal from the contract; or (c) the time payments under the annuity begin (annuitization).
Figure 19.2 shows that even if the total pre-tax and before-expense average annual compound rate of return on the investment is as great as 12%, the variable annuity becomes the better accumulation vehicle only if the accumulation period
approaches 20 years.
Accurate accumulation estimates require accurate dating of the accumulation period
. Because petrel burrowing leads to incorporation of surface material at depth (Warham 1996, p.
where R represents a market-adjusted, 12-month return, ending three months following the fiscal year-end (which is December for all firms on the Bolsa); E is earnings-per-share deflated by price at the beginning of the return accumulation period
; i and t are firm and time subscripts, respectively; and v is an error term assumed iid N(0, [[sigma].sup.2]).
During the revolving period principal received from the reference portfolio is retained to buy more receivables, before the principal payments build up in an escrow account during the subsequent accumulation period
to fund a future bullet payment to investors.