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Definition
| Gross income reduced by certain adjustments, such as contributions to an individual retirement account (IRA) and alimony payments |
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| Total tax due divided by taxable income |
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Term
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Definition
| Profits from the sale of a capital asset such as stocks, bonds, or real estate |
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| Money recieved for personal effort, such as wages, salary, commission, fees, tips, or bonuses |
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| A tax imposed on the value of a person's property at the time of his or her death |
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| A tax imposed on specific goods and services, such as gasoline, cigarettes, alcoholic beverages, tires, and air travel |
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Definition
| An amount not included in gross income |
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Definition
| a deduction from adjusted gross income for yourself, your spouse, and qualified dependents |
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Definition
| A tax levied on the value of property bequeathed by a deceased person |
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Term
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Definition
| Expenses that can be deducted from adjusted gross income, such as medical expenses, real estate property taxes, home mortgage interest, charitable contributions, casualty losses, and certain work-related expenses |
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Term
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Definition
| The rate used to calculate tax on the last (and next) dollar of taxable income |
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Definition
| A detailed examination of your tax return by the Internal Revenue Service |
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Definition
| The use of legitimate methods to reduce one's taxes |
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Definition
| An amount subtracted directly from the amount of taxes owed |
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Term
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Definition
| An amount subtracted from adjusted gross inocome to arrive at taxable income |
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Term
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Definition
| Income that will be taxed at a later date |
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Term
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Definition
| The use of legitimate methods to reduce one's taxes |
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Term
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Definition
| Income that is not subject to tax |
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Term
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Definition
| An investment that provies immediate tax benefits and a resonable expectation of a future financial return |
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Term
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Definition
| Income resulting from business activities in which you do not actively participate |
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Term
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Definition
| A set amount on which no taxes are paid |
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Term
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Definition
| Money recieved in the from of dividends, interest, or rent from investments. Also called portfolio income |
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Term
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Definition
| The net amount of income, after allowable deductions, on which income tax is computed |
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Term
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Definition
| A bond that is registered in the owner's name by the issuing company |
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Term
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Definition
| A legal document that details all of the conditions relating to a bond issue |
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Definition
| A strategy where investors divide their investment dollars among bonds that mature at regular intervals in order to balance risk and return |
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Definition
| A feature that allows the corporation to call in or buy outstanding bonds from current bondholders before the maturity date |
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Term
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Definition
| A bond that can be exchanged, at the owner's option, for a specified number of shares of the corporation's common stock |
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Definition
| A corporation's written pledge to repay a specified amount of money with interest |
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Definition
| Determined by dividing the annual dollar amount of income generated by an investment by the investment's current market value |
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Definition
| A bond that is backed only by the reputation of the issuing corporation |
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Definition
| The dollar amount the bondholder will receive at the bond's maturity |
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Term
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Definition
| A bond backed by the full faith, credit, and unlimited taxing power of the government that issued it |
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Term
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Definition
| For a corporate bond, the date on which the corporation is to repay the borrowed money |
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Definition
| A corporate bond secured by various assets of the issuing firm |
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Definition
| A debt security issued by a state or local government |
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Term
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Definition
| A bond that is registered in the owner's name by the issuing company |
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Definition
| A bond that is repaid from the income genereated by the project it is designed to finance |
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Term
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Definition
| Bonds of a single issue that mature on different dates |
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Definition
| A fund to which annual or semiannual deposits are made for the purpose of redeeming a bond issue |
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Term
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Definition
| An unsecured bond that gives bondholders a claim secondary to that of other designated bondholders with respect to interest payments, repayments, and assets |
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Term
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Definition
| A financially indepedent firm that acts as the bondholders' representative |
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Definition
| The rate of return earned by an investor who holds a bond for a stated period of time |
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Definition
| A yield calculation that takes into account the relationship among a bond's maturity value, the time to maturity, the current price, and the dollar amount of interest |
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Term
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Definition
| A bond that is sold at a price far below its face value, makes no annual or semiannual interest payments, and is redeemed for its face value at maturity |
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Term
| Capital Gain Distributions |
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Definition
| The payments made to a fund's shareholders that result from the sale of securities in the fund's portfolio |
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Term
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Definition
| A mutual fund whose shares are issued by an investment company only when the fund is organized |
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Term
| Contingent Deffered Sales Load |
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Definition
| A 1 to 5 percent charge that shareholders pay when they withdraw their investment from a mutual fund |
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Term
| Exchange-Traded Fund (ETF) |
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Definition
| A fund that invests in the stocks or other securities contained in a specific stock or securities index |
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Term
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Definition
| All the different management fees, 12b-1 fees, if any, and additional fund operating costs for a specific mutual fund[;[plkokokvfghgh |
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Term
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Definition
| A group of mutual funds managed by one investment company |
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Definition
| The earnings a fund pays to shareholders from its dividend and interest income |
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Term
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Definition
| A mutual fund in which investors pay a commission (as high as 8 1/2 percent) every time they purchase shares |
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