Definition of rollover

rollovernoun

lăn qua

/ˈrəʊləʊvə(r)//ˈrəʊləʊvər/

The term "rollover" has various meanings across different contexts, but in the context of finance and insurance, it refers to the automatic renewal or continuation of a policy or investment when it reaches maturity or expiration date. This term originated in the 1960s when life insurance policies started using this term instead of "renewal" or "extension". The reason for this change was to simplify the language used in insurance documents and make them more easily comprehensible to customers. The term "rollover" has since been adopted by other financial services, such as savings accounts, bonds, and mutual funds, to indicate the automatic transfer of funds from a maturing product into a similar product. Overall, the use of the term "rollover" helps to provide greater transparency and consistency in financial products and services, making it easier for customers to understand their options and manage their finances.

namespace

the act of allowing money that is owed to be paid at a later date

hành động cho phép số tiền nợ được trả vào một ngày sau đó

a prize of money in a competition or lottery in a particular week, that is added to the prize given in the following week if nobody wins it

giải thưởng tiền mặt trong một cuộc thi hoặc xổ số trong một tuần cụ thể, được cộng vào giải thưởng được trao vào tuần tiếp theo nếu không có ai trúng giải

Example:
  • a rollover jackpot

    một giải độc đắc

the turning over of a vehicle during an accident

sự lật đổ của một chiếc xe trong một vụ tai nạn

Related words and phrases

All matches