The customer agrees to buy all the power the panels produce at a set rate.
That's because the annuity is based on another government-set rate that fluctuates along with interest rates.
You pay a significant premium to lock in a set rate for 30 years rather than the shorter lock you get with an adjustable.
If the assets put in a GRAT appreciate faster than a set rate--4% a year for GRATs set up in December 2002--you pass on assets gift-tax free.
Person-to-person lending, dubbed Banking 2.0, generally allows individuals to lend to each other at a set rate on a certain timetable and offers a mechanism for tracking and payment.
FORBES: Banking 2.0: New Capital Connections For Entrepreneurs
The monetary authority, says Mr Miller, should sell convertible bonds which, if denominated in Hong Kong dollars, carry an option for the holder to convert into American dollars at the set rate.
Here's the key: When the grantor sets up the trust, the IRSfixes the value of his gift based on the assumption that the trust will earn a modest return--about 7.5%, but the IRS-set rate fluctuates with interest rates.
As with a remainder trust, the IRS takes a snapshot of the deal when it's created, assumes the assets will earn a set rate of return--now just 7.2% --and taxes the assets being passed to heirs based on that.
The wonder of a currency board is that it is not meant to allow the authorities any discretion at all: in Hong Kong's case, the three note-issuing commercial banks may print money only by surrendering equivalent dollars to the monetary authority at the set rate.
Generally it happens right after they set the rate, within a couple of weeks or days.
In 2009, the Swedish central bank, the Riksbank, surprised many when it set a rate of -0.25%.
BBC: Negative interest rates idea floated by Bank's Paul Tucker
For 2004, the agency set a rate last October of 37.5 cents a mile, up 1.5 cents from 2003.
In Bath and Gloucestershire, accountants Price Waterhouse are to be asked to set a rate, and in Durham, a court ruling is expected.
On Tuesday, Northern Ireland's first and deputy first ministers met the prime minister over devolving the power to set the rate of the tax.
Here, too, states have the power to set the rate providers can charge for transporting electricity from the distribution center to the business or home.
The 16 major banks that set the rate are under investigation by authorities in the U.S., Canada, Europe, and Asia, suspected of manipulating the rate.
Under a currency board arrangement, the central bank guarantees the redemption of all notes in circulation at a set exchange rate to the dollar or another foreign currency or basket of currencies.
The currency is closely monitored by the Central Bank of China and in the spot market, is allowed to rise or fall by 1 percent from the set parity rate each trading day.
Remaining consistent with this principle, Brian argues that when the Fed Funds rate (the rate set by the Fed) is lower than the nominal growth rate, the Fed is inflationary, and when the Fed Funds rate is higher than the nominal rate, the Fed is deflationary.
The Bachus bill appeals to states because, although it would not require a single tax rate in jurisdictions within a state, it would authorize states themselves to set a single rate, Frieden said.
The interest rate is set by the plan and is usually tied to the prime rate.
Yet it still set the unemployment rate at 4.7%, the highest in just over a year.
The 10-year government bond yield eased again to close at 4.52%, which compares to a short-rate set by the Bank at 4.75%.
To slow the growth of Medicare, IPAB will have to cut spending to stay within a maximum growth rate set by legislation.
FORBES: To Ensure Ongoing Investment In Medical Innovation, Repeal IPAB
The US bank prime rate set by the Federal Reserve remained unchanged at 3.25 percent, where it has been since January of 2009.
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The loss was primarily the result of lower sales of individual fixed annuities due to the low interest rate set by the Federal Reserve.
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As such, the rate set by the Fed is bringing great harm to the savers whose savings would in a normal world be supplied to job-creating entrepreneurs.
FORBES: The Fed's "Loose" Money Stance Is Making Credit Tight
The innovation was to set the interest rate in an auction, typically every seven, 28 or 35 days, giving lenders the chance to sell out each time.
The highest inheritance tax rate was also raised in 1932 to 45% from 20% and the gift tax was reinstituted with the highest rate set at 33.5%.
WSJ: Arthur B. Laffer: Taxes, Depression, and Our Current Troubles
Now there is just one rate that trades within a narrow band with a reference rate set by the central bank daily in conjunction with local financial institutions.
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