EMPLOYEE CONTRIBUTION PLAN
Employer-sponsored retirement plan in which employees deposit or contribute part of their paycheck into a retirement account owned by employees and held in the employee’s name. Such plans are subject to annual contribution limits the federal government imposed, but frequently have tax benefits including deferred taxes on investment gains and capacity to contribute gross income. Employees always possess 100% of the contributions they paid. Some firms match employee contributions up to a defined limit, but employee may not have the whole matching contribution until it fully vests after many years of continued employment.
POPULAR TERMS
Mature Economy
An economic situation where the birth rate is stable or lower than mortality rate, as well as the pace of economic growth has slowed down. It is ch ...
Blackberry Addiction
Colloquial term for overreliance or overuse of Blackberry. The smartphone is manufactured by Research in Motion. It is a prevailing condition for s ...
Completed Contract Method - CCM
Accounting method allowing a taxpayer or business to defer reporting of income and expenses until the contract has been completed. Frequently, this ...
Choice Market
Market in which the spread between the bid and ask prices for a particular financial instrument is zero. Meaning the instrument can be purchased fo ...
Rational Pricing
A theory that states the prices that reflect a security’s fundamental value and the absence of arbitrage opportunities.
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