Certainty equivalent
	• Abbreviated CEs. Risk-adjustment factors that represent the percent of estimated cash inflows that investors would be satisfied to receive for certain, rather than the cash inflows that are possible for each year.
	• An amount that would be accepted in lieu of a chance at a possible higher, but uncertain, amount.
	Embedded terms in definition
	Cash
	Related Terms
	Bond equivalent basis Bond equivalent yield Cash equivalent Cash equivalent items Cash equivalent security Common stock equivalent Corporate bond equivalent Corporate taxable equivalent Coupon equivalent yield Equivalent annual annuity Equivalent annual benefit Equivalent annual cash flow Equivalent annual cost Equivalent bond yield Equivalent loan Equivalent taxable yield Fixed income equivalent Interest equivalent factor

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Managing Your Expenses on a Fixed or Reduced Income: Once you've retired, you finally have the opportunity to work at your dream job - keeping yourself happy. It's your chance to visit places you've always wanted to see, take up a new hobby and spend more time with your family and friends. But to be successful at this new position, you've got to make the most of your income and investments. Here are suggestions. More...

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