DEFINITIONS - It is common to be unsure or confused about the terms used in the financial industry. We have included several definitions we hope clarify your understanding before you invest. Click on a letter below which is the same as the first letter of the term you wish to define:

P           Partial Termination – may occur if a plan amendment is adopted reducing benefits or making participation requirements less liberal, although not amounting to a complete termination of the plan. This results in the vesting of accrued benefits for the affected participants           Participant – an employee or former employee who has an accrued benefit under the plan           Plan Year – generally, any 12-consecutive-month period identified by the plan for keeping its records. The plan year does not have to coincide with the employer’s taxable year or begin on the first day of the month           Preferred Stock – the portion of a corporation’s stock having priority or preference over the common stock in the distribution of dividends and assets           Premium – the amount by which a bond sells above its face (par) value           Profit Sharing Plan – a defined contribution plan under which the employer makes discretionary contributions (usually out of profits). A participant’s retirement benefits are based on the amount in his retirement account at retirement           PS-58 Cost – the taxable value of the pure life insurance protection in a plan that provides for insured death benefits               Enter your search terms Web markettipsonline.com Submit search form

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