AIR
Assumed interest rate
Example
Since the AIR is relatively high, he is going to receive larger minimum payments
Related Slang
| HMO | Health maintenance organization |
| PPO | Preferred provider organization |
| OOP | Out of pocket |
| AGI | Adjusted gross income |
| ROI | Return on investment |
| IRS | Internal Revenue Service |
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A financial acronym that represents the interest rate selected by an insurance company to determine the value of an annuity contract; affects the monthly payment an annuitant receives, along with other factors, such as the annuitant's spousal coverage and age when the annuity was processed.