I do not understand finance. I thought Immunology was bad for making up its own vocabulary and calling it English, but I swear, these Finance Folk (FF) are no better... actually they are worse. Immunologists at least realize that they may be making no sense to the lay person, whereas FFs blithely continue rattling away about their CIRs, portfolios, maturities, dividends and whatnots.
And the totally strange thing is, you don't need a PhD to understand all this, apparently. Janitors and bus drivers know about this stuff!
Check out this sentence (and congratulations to you if you can figure out its meaning... no points if you work in a bank or any other financial institution):
"The Comparable Interest Rate (CIR) is the after tax rate of return necessary on a savings account under a "buy term and invest the difference" scenario so that the value of the account is equal to the policy's total cash value at the end of the comparison year."
Err... okay
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