EXEMPT-INTEREST DIVIDEND
Distribution from a mutual fund not subject to income tax. These are frequently associated with mutual fund investing in municipal bonds. While not subject to federal income tax, these dividends may be subject to the Alternative Minimum Tax (AMT) or state income tax. It must be stated on the income tax return and by mutual funds on Form 1099-INT.
POPULAR TERMS
Affirmative Covenant
A kind of contract or promise that requires a party to conduct some action. For example, a bond covenant which provides that the issuer must delive ...
Pure Risk
A risk where loss is the only potential outcome; there is no positive result. A pure risk is related to events that are out of control of the risk- ...
Efficiency
Performance level describing a process which uses the lowest amount of inputs to come up with the greatest amount of inputs. It is relative to usin ...
Tax Free
Goods and/or financial products that are not taxable. Having the tax free status allows an entity to save money and encourages additional spending ...
Reprice
A situation that is most often allowed for company executives or high-level employees. It permits them to trade in their options that out of the mo ...
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A Guide to Your Personal Income Tax: Essentials
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Buying a Home: Everybody’s Goal
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Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
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