What is the tax basis of whole life policies which do not have
explicit cost of insurance charges?
Unlike universal life, whole life policies work differently and there are no
explicit cost of insurance charges for whole life.
Instead, I suggest exploiting the existence of the less ambiguous and controversial terms implicit cost and
explicit cost.
420) categorize the bid-ask spread as an
explicit cost and Huang (2013, p.
Foreign currency loans have a visible,
explicit cost, but also a hidden, uncertain cost component, and this is what triggers abusive clauses.
The cost savings related to the audit "is not just the
explicit cost of paying the auditor, but somebody inside the company has to take time out of his or her schedule to work with the auditor," Power says.
Porras states that the
explicit cost of capital is the rate of return of the cash flows generated by the financing opportunity (the equity cost is the cost of opportunity).
Any
explicit cost of such services including remuneration of experts/advisors shall be borne by NIBP funded by UNDP.
Even though various costs are included in the expense ratio, most of these expenses could be associated with cost of financial market research, as Indro et al (1999) considered expense ratio to reflect the fund manager's
explicit cost of research.
She contends that current salaries yield insufficient payback, because of the
explicit cost of additional education and the opportunity cost of a year of foregone salary, both assertions agreed to wholeheartedly by the author.
Explicit Cost Dynamics: An Alternative to Activity-Based Costing.
2 To capture the cost of holding money in a static model, one must introduce an
explicit cost, as in the Appendix in Gokcekus and Tower (1997).
