DefinitionKey person insurance, also commonly called keyman insurance and key man insurance or 'key employee insurance', is an important form of business insurance. There is no legal definit

DefinitionKey employee, in U.S. Internal Revenue Service terminology, is an employee classification used when determining if company-sponsored qualified retirement plans, including 401 defin

Katie Couric Clause What is 'Katie Couric Clause' A slang term for a controversial proposed clause from a Securities and Exchange Commission (SEC) rule (formally known as the Executive Com

Health Reimbursement Account (HRA) What is a 'Health Reimbursement Account - HRA' A health reimbursement account (HRA) consists of employer-funded plans that reimburse employees for incurr

Kicking The Tires What is 'Kicking The Tires' A slang term for researching an investment before putting any money into it. The process of kicking the tires for a stock might include readin

Yonder 40 Index (Yonder 40) What is 'Yonder 40 Index - Yonder 40' A list of 40 publicly traded companies chosen for their ties to rural areas. The Yonder 40 is designed to reflect the econ

Incentive Stock Option (ISO) What is an 'Incentive Stock Option - ISO' An incentive stock option (ISO) is a type of employee stock option with a tax benefit, when you exercise, of not havi

DefinitionThe combination of payroll taxes withheld from a household employee and the employment taxes paid by their employer are commonly referred to as the nanny tax. Under current law, an

Official Strike What is 'Official Strike' A work stoppage by union members that is endorsed by the union and that follows the legal requirements for striking, such as being voted on by a m

Ombudsman What is 'Ombudsman' An official who investigates complaints (usually lodged by private citizens) against businesses, financial institutions and/or the government. An ombudsman ca