529 PREPAID TUITION PLAN
Tax-advantaged investment plan designed for paying future college tuition expenses at current prices. Section 529 of the Internal Revenue Code allows the account holder to obtain tuition credits at its prevailing price although it will not be used until a future year. This state-sponsored plan is available in certain states, but it is still possible to utilize the plan outside of the holder’s current state of residence.
POPULAR TERMS
Capital Accumulation
This talks about the earnings that a firm uses to raise its capital base. Capital accumulation includes gaining additional assets that can be used ...
Defined-Contribution Plan
A retirement plan where the percentage of money is set aside each year by the company for the benefit of their employees. There are restrictions as ...
Unscheduled Recast
Unscheduled Recast is a recomputation of remaining loan amortization schedule that is not scheduled. Some loans have contractual terms that when tr ...
Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
Tortoise Rally
Slow and steady appreciation of market prices through time. This is more beneficial to long-term retail investors since they enjoy steady gains fro ...
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