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Savings bond
Savings bondA government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates. RELATED TERMS-------------------------------------- Bond Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder. Value The worth or desirability of something expressed as an amount of money. Local A term used to describe a U.S. commodities trader who trades for his own account and not for his customers. Interest The amount of money a lender loans a borrower to pay for using the borrower's principal. SIMILAR TERMS-------------------------------------- Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Savings account A deposit account intended for funds that are expected to stay in for the short term. Savings and Loan Association The nearest American equivalent to the British building societies. Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. Savings bank An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Savings deposits Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. Savings element Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. Savings function A Keynesian term relating the level of saving and the level of income. Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan A tax-deferred retirement savings plan similar to a conventional 401(k) plan, redesigned with specific rules to meet the needs of small employers. The Small Business Job Protection Act of 1996 created these plans for companies with fewer than 100 employees. Savings rate Personal savings as a percentage of disposable personal income. Savir 2000 de Inversiones, SICAV, S.A. Savir 2000 de Inversiones, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. Savir Patrimonio, SICAV, S.A. Savir Patrimonio, SICAV, S.A. is a Spanish company listed at Madrid Stock Exchange. Its business activity is capital investment. PREVIOUS AND NEXT TERMS-------------------------------------- Savings According to Keynesian economics, the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income that he or she earns in a given period of time. Savings account A deposit account intended for funds that are expected to stay in for the short term. Savings and Loan Association The nearest American equivalent to the British building societies. Savings Association Insurance Fund (SAIF) A government organization that replaced the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. Savings bank An institution that primarily accepts consumer savings deposits and to make home mortgage loans. Savings bond Savings deposits Accounts that pay interest, typically at below-market interest rates, that do not have a specific maturity, and that usually can be withdrawn upon demand. Savings element Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. Savings function A Keynesian term relating the level of saving and the level of income. Savings Incentive Match Plan for Employees (SIMPLE) 401(k) plan A tax-deferred retirement savings plan similar to a conventional 401(k) plan, redesigned with specific rules to meet the needs of small employers. The Small Business Job Protection Act of 1996 created these plans for companies with fewer than 100 employees. Savings rate Personal savings as a percentage of disposable personal income. We thank you for using the Financial Dictionary to search for Savings bond. If you have a better definition for Savings bond than the one presented here, please let us know by making use of the suggest a term option. This definition of Savings bond may be disputed by other professionals. Our attempt is to provide easy definitions on Savings bond and any other medical topic for the public at large.
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