Tag: individual

Key Employee

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

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 incurred...

Health Insurance Portability And Accountability Act (HIPAA)

What is 'Health Insurance Portability And Accountability Act - HIPAA' An act created by the U.S Congress in 1996 that amends both...

Yearly Renewable Group Term Insurance

What is 'Yearly Renewable Group Term Insurance ' A type of insurance policy purchased by employers to cover several people at a...

Yearly Renewable Term Plan of Reinsurance

What is 'Yearly Renewable Term Plan of Reinsurance' A type of life reinsurance where mortality risks are transferred to a reinsurer. In...

Yield To Worst (YTW)

What is the 'Yield To Worst - YTW' The yield to worst (YTW) is the lowest potential yield that can be received...

Individual Retirement Account – IRA

DefinitionAn individual retirement account is a form of "individual retirement plan", provided by many financial institutions, that provides tax advantages for retirement savings in...
Idiosyncratic risk

Idiosyncratic Risk

What is 'Idiosyncratic Risk' Idiosyncratic risk, also referred to as unsystematic risk, is the risk that is endemic to a particular asset such as a...

Immediate Family

What is an 'Immediate Family' Immediate family members usually include a person’s parents, spouse, children and siblings. A person’s grandparents, grandchildren, in-laws...

In-House Financing

What is 'In-House Financing' In-house financing is a type of seller financing in which a firm extends customers a loan, allowing them...

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