ADDITIONAL VOLUNTARY CONTRIBUTION – AVC
An additional funds allocation to a retirement savings account that is higher than the amount that an employer will give a matching contribution for. The additional voluntary contributions are done at the employee's discretion which will then proceed to the pension plan sponsored by the employer. The additional contribution may go through tax-deferred savings account such as individual retirement accounts (IRAs), 401 (k), and 403 (b).
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Tit for Tat
Game theory mechanism subject to a payoff matrix similar to a prisoner’s dilemma. Anchored on the concepts of retaliation and altruism, this ...
Nonsegregated Disclosures
Information that must be presented legally anywhere in a lease agreement. These are required by the Federal Reserve Board Regulation M. The lease a ...
Product Line
A series of related products which are all made or manufactured by the same company.
Behavioral Economics
The scientific study on how the mind thinks and how each person reacts as it relates to the process of decision making in economics of individuals ...
Infant-Industry Theory
A theory stating the emerging domestic industries must be protected against foreign competition until they become established and mature. In econom ...
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It’s almost done! With just a few steps away, the house that you have been dreaming of will be yours.
Buying a Home: Getting Pre-Approved for a Mortgage
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Connection of Inflation and Interest Rates
We cannot simply ignore the connectivity of inflation and interest rates. Both items are interrelated. So, whenever there is a news item about a co ...
Renovate or Move?
You have a well-furnished home with a garden full of flowers and plants. Imagine sharing your beautiful abode, which has four bedrooms, a kitchen, ...
A Guide to Your Personal Income Tax: Papers
Documentation is the most significant part of taxation. If you do not properly account your income and expenses, chances are you will likely miss o ...
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