Founded in 1801 as South Carolina College, South Carolina is the flagship institution of the University of South Carolina System and offers more than 350 programs of study, leading to bachelor's, master's, and doctoral degrees from fourteen degree-granting colleges and schools.
Drawdown may refer to: Drawdown (economics), decline in the value of an investment, below its all-time high. Drawdown (hydrology), a lowering of a reservoir or a change in hydraulic head in an aquifer, typically due to pumping a well.
Surrender charges are a penalty for withdrawing from or surrendering a Deferred Annuity early. They are applied according to a schedule. Most, but not all, surrender charges decline over time. Example: Year 1 = 10%, Year 2=9%, etc. until Year 11 = 0%. Usually, the charge is imposed on a surrender or withdrawal exceeding a certain âpenalty freeâ percentage of contract value (most commonly, 10%).