529 SAVINGS PLAN
Tax-advantaged saving method used for future college expenses, as authorized by Section 529 of the Internal Revenue Code. The plan allows the account holder to put up a college savings account for a beneficiary, which will be used in paying for tuition, lodging, mandatory fees, and required books and computers. The money placed on this account may be invested in stock or bond mutual funds, or in money market funds. Earnings are not subject to federal tax or state tax in most cases, as long as the money will be used solely for qualified college expenses.
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Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
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Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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