Australia Day Financial Glossary

What is it? On January 26, 1788 Captain Arthur Phillip took formal possession of the colony of New South Wales and became its first Governor. The colony soon began to celebrate the anniversary of this date. On Australia Day, banks and financial markets are closed.

Finance Term Definition Added By: Sydney

Send To Friends!

If you'd like to send the Australia Day 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 Australia Day. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term HSW is Hold / switch

Financial Term Management Company is A firm that organizes, oversees and administers a mutual fund or variable annuity investment portfolio.

Financial Term Purchase Order is A written authorization for a vendor to supply goods or services at a specified price over a specified time period.

Financial Term Foreclosure is A proceeding in or out of court, to extinguish all right, title and interest, of the owner(s) of property in order to sell the property to satisfy a lien against it.

Financial Term Individual Retirement Account (IRA) is A tax-deferred account that allows individuals to contribute a maximum of $4,000 per year (for current year) toward retirement. Since the investments are not taxed, they can grow more rapidly and benefit from the power of compounding until they are withdrawn. IRA contributions may be fully or partially tax deductible. Types of IRAs to choose from for eligible individuals include the Traditional IRA, the Roth IRA and the Education IRA. (See also IRA/ROTH IRA section above.)