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Market value adjustment
An adjustment to the sub account value either positive, negative or zero based on the relationship of the current interest rate vs. the guaranteed interest rate (MVA rate at issue or renewal) and the time remaining in the Guarantee Period.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Financial services
- Category: Funds
- Company: Merrill Lynch
- Product:
- Acronym-Abbreviation:
Other Languages:
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