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K. Used alone,
taken as an abbreviation for a thousand.
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Keogh Plan. US
private pension plan.
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Key Employee. An
individual who makes a significant profit contribution to the
business activity and profitability of a company, and whose loss
would have an effect on the continued profitability of the business.
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Key Employee Insurance.
Life assurance or PHI contracts, taken out by the company to help
compensate the business for the loss through death or disability
of the element of profit contributed by a key employee.
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Key Features Document.
A document that will contain key information, such as:
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details of what the policy might be worth in future years.
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details and explanation of the charges made on the policy.
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an explanation of the purpose, type, and risk level of the
policy
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Know
Your Client. Legal obligation on financial salespeople
(such as PIA members and stockbrokers) to record all aspects of
a client’s personal financial situation and to ensure that all
advice takes this into account. See Best Advice.
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