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

Half-Year Convention For Depreciation What is the 'Half-Year Convention For Depreciation' The half-year convention for depreciation is the depreciation schedule that treats all property ac

Qualifying Annuity What is 'Qualifying Annuity' This type of annuity is similar to any other, except that it has been approved by the IRS for use within a Qualfied Retirement Plan or IRA.

Qualified Annuity What is a 'Qualified Annuity' A qualified annuity is a financial product that accepts and grows funds, and is funded with pre-tax dollars. "Qualified" is a descriptor giv

DefinitionA wash sale is a sale of a security at a loss and repurchase of the same or substantially identical security shortly before or after. Wash sale regulations protect against an inves

DefinitionDavid M. "Dave" Cote is an American businessman. Cote previously worked for General Electric and TRW Inc. before he was appointed chairman and chief executive officer of Honeywell

DefinitionU.S. savings bonds are debt securities issued by the U.S. Department of the Treasury to help pay for the U.S. government's borrowing needs. U.S. savings bonds are considered one of

Last In, First Out (LIFO) What is 'Last In, First Out - LIFO' Last in, first out (LIFO) is an asset management and valuation method that assumes assets produced or acquired last are the on