- Industry: Financial services
- Number of terms: 73910
- Number of blossaries: 1
- Company Profile:
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Provides for the employer to pay out amounts to retirees or beneficiaries as and when they are needed. There is no money put aside on a regular basis. Instead, it is taken out of current income.
Industry:Financial services
Municipal bonds featuring federal, state, and local tax-free interest payments.
Industry:Financial services
A federal tax credit that reduces tax liability, dollar for dollar, on lifetime gifts and asset transfers at death.
Industry:Financial services
A type of retirement plan under Section 403(b) of the Internal Revenue Code that permits employees of public educational organizations or tax-exempt organizations to make before-tax contributions via a salary reduction agreement to a tax-sheltered retirement plan. Employers are also allowed to make direct contributions on behalf of employees.
Industry:Financial services
Collection of laws dealing with commercial business.
Industry:Financial services
The four times a year that the S&P futures contract expires at the same time as the S&P 100 index option contract and option contracts on individual stocks. It is the last trading hour on the third Friday of March, June, September, and December, when stock options, futures on stock indexes, and options on these futures expire concurrently. Massive trades in index futures, options, and underlying stock by hedge strategists and arbitrageurs cause abnormal activity (noise) and volatility.
Industry:Financial services
International Chamber of Commerce rules (commonly referred to as UCP 500 or ICC 500), that are used for Letters of credit. These letters then become legally binding when written into the text of the letter.
Industry:Financial services
The reduction in income taxes that results from taking an allowable deduction from taxable income.
Industry:Financial services
Legislation that provides a tax-effective manner of transferring property to minors without the complications of trusts or guardianship restrictions.
Industry:Financial services
