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05:04 Aug 8, 2004
English to English translations [PRO] Bus/Financial - Finance (general) / Forex Mkts
English term or phrase:rallying stock market
CONTEXT: a rallying stock market in any part of the world serves as an ideal opportunity for all investors, regardless of geographic location. As a result, a strong correlation has developed between a country's equity markets and its currency.
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Explanation: In a rallying stock market, the appeal is enormous because the value of the policy can rise well above what the policyholder could have afforded under a conventional, dividend-paying whole life insurance policy, and the investment gains can help reduce insurance charges. Plus, the policyholder can borrow against the value of the policy, under certain terms, without paying taxes on the loans.