Photo: a sprinter at the starting block. Equal opportunity is a stipulation that all people should be treated similarly, unhampered by artificial barriers or prejudices or preferences, except when particular distinctions can be explicitly justified.
Bailout definition, the act of parachuting from an aircraft, especially to escape a crash, fire, etc. See more.
Bailout Provision: A provision in an annuity contract that allows the owner to surrender the contract, generally without charge, if the renewal interest rates on a fixed annuity drop under the pre-determined amount (usually 1%). Basis Point: A unit of measure, with 100 basis points being equal to one percentage point.