One of the main goals on a Viking Sea cruise is to provide plenty of cultural enrichment for travelers. Every day begins with an exciting arrival in port followed by an adventurous day filled with shore excursions and guided tours.
A bailout is a colloquial term for giving financial support to a company or country which faces serious financial difficulty or bankruptcy. It may also be used to allow a failing entity to fail gracefully without spreading contagion. A bailout can, but does not necessarily, avoid an insolvency process. The term is maritime in origin being the act of removing water from a sinking vessel using a smaller bucket.
Bailout Provision: A provision in an annuity contract that allows the owner to surrender the contract, generally without charge, if the renewal interest rates on a fixed annuity drop under the pre-determined amount (usually 1%). Basis Point: A unit of measure, with 100 basis points being equal to one percentage point.