Home
E-Mail
Latest

Individual Retirement AccountIRA Financial Glossary

What is it? A tax-deferred retirement plan that permits individuals to set aside up to $2,000 per year, with earnings tax-deferred until withdrawals begin at age 59 1/2 or later (or earlier, with a 10% penalty). IRAs can be established at a bank, mutual fund, or brokerage.

Finance Term Definition Added By: Nicole

The Individual Retirement AccountIRA definition has been viewed 1855 Time(s)!




Send To Friends!

If you'd like to send the Individual Retirement AccountIRA definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of Individual Retirement AccountIRA. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Takeover is When one company approaches another company, making an offer to the latters shareholders, seeking to acquire their shares in sufficient quantities to take control. If the company that is being taken over is listed on the Stock Exchange, a strict protocol of rules and regulations exist to protect the interests of shareholders. A time limit is set for acceptance of the offer. If the company making the offer gets control of 90% or more of the shares, it has a legal right to acquire the remaining 10% of the shares at the offer price. A take-over bid may be friendly, recommended by the board of the company being taken over, or it may be hostile, rejected by the board with the company making the offer going direct to shareholders.

Financial Term CCA is Consumer Credit Act - UK legislation which sets the rules for the way in which banks and other lenders lend money to members of the public.

Financial Term Extended Amount is The quantity multiplied by the unit price generates the extended amount.

Financial Term Multiple Party Account is Account owned by two or more parties. Parties own the account during the lifetime of all parties in proportion to their net contributions, unless there is clear and convincing evidence of a different intent.

Financial Term Corporation Tax is A tax payable by companies on their profits.