Financial Dictionary

This dictionary contains:
24549
financial terms

Education IRA




Education IRA

A type of individual retirement account enabling the contribution of up to $500 per year tax free for each child up to the age of 18 by the parents in the family.

RELATED TERMS
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Type
The classification of an option contract as either a put or a call.

Retirement
Removal from circulation of stock or bonds that have been reacquired or redeemed.

Account
1) In the context of bookkeeping, refers to the ledger pages upon which various assets, liabilities, income, and expenses are represented. 2) In the context of investment banking, refers to the status of securities sold and owned or the relationship between parties to an underwriting syndicate. 3) In the context of securities, the relationship between a client and a broker/dealer firm allowing the firm's employee to be the client's buying and selling agent.

Contribution
Money placed in an individual retirement account (IRA), an employer-sponsored retirement plan, or other retirement plan for a particular tax year.



SIMILAR TERMS
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Economies of vertical integration
Produced by achieving lower operating costs by owning all components of production and sometimes sales outlets rather than contracting with companies in the outside marketplace.

ECU
The European Commission of the European Union (EU).

EDGAR (Electronic Data Gathering and Retrieval)
The Securities & Exchange Commission uses Electronic Data Gathering and Retrieval to transmit company documents to investors.

Edge Act Corporation
Corporation chartered by the Federal Reserve to engage in international banking. The Board of Governors acts on applications to establish Edge Act corporations and also examines the corporations and their subsidiaries.

Edge Corporations
Specialized banking institutions, authorized and chartered by the Federal Reserve Board of Governors in the U.S., that are allowed to engage in transactions of a foreign or international character.

Education IRA

EEC
European Currency Unit.

Effective annual interest rate
An annual measure of the time value of money that fully reflects the effects of compounding.

Effective annual yield
Annualized interest rate on a security computed using compound interest techniques.

Effective call price
The strike price in a market redemption provision plus the accrued interest to the redemption date.

Effective convexity
The convexity of a bond calculated using cash flows that change with yields.

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This dictionary contains 24549 terms.







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