Health Savings Account (HSA) What is a 'Health Savings Account - HSA' A Health Savings Account (HSA) is an account created for individuals who are covered under high-deductible health plan

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

Yupcap What is 'Yupcap' A slang term for a young urban professional who cannot afford property. Yupcaps are people in their late twenties or early thirties with post secondary educations a

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

National Savings Rate What is 'National Savings Rate' An estimate from the U.S. Commerce Department's Bureau of Economic Analysis (BEA) of the amount of income left over after subtracting

DefinitionThe term flexible mortgage refers to a residential mortgage loan that offers flexibility in the requirements to make monthly repayments. The flexible mortgage first appeared in Aus

One-Bank Holding Company What is 'One-Bank Holding Company' A corporation that holds at least a quarter of the voting stock of a commercial bank. One-bank holding companies led to the crea

Office Of The Comptroller Of The Currency (OCC) What is 'Office Of The Comptroller Of The Currency - OCC' A U.S. federal agency that serves to charter, regulate and supervise the national

Office Of Thrift Supervision (OTS) What is 'Office Of Thrift Supervision - OTS' The bureau of the U.S. Treasury Department that is responsible for issuing and enforcing regulations governi

Manufactured Payment What is 'Manufactured Payment' A payment made to pass through dividend and interest payments from the borrower to the lender of those securities. Manufactured payments