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Qualified planA tax-deferred retirement plan for the self-employed.

The possibility of loss on an investment.

The profit made on an investment.

Revenue bond
A type of municipal bond backed by revenue from the project the bond finances.

Savings accountA service depository institutions offer whereby people can deposit their money for future use and earn interest.

A person who owns stock in a company and is eligible to share in profits and losses; same as shareholder.

Phrase referring to money that is not subject to income tax until it is withdrawn from an account, such as an individual retirement account or a 401(k) account.

The period from when a loan is made until it is fully paid.

Provisions specified in a loan agreement.

Treasury bill
A short-term investment issued by the U.S. government for a year or less.

Treasury bond
A government security with a term of more than 10 years; interest is paid semiannually.

Treasury note
A government security with a maturity that can range from two to 10 years; interest is paid every six months.

U.S.savings bond A nontransferable, registered bond issued by the U.S.government in denominations of $50 to $10,000. 


Compiled and Edited By George S. Mentz, Esq. All Rights Reserved 2006 

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