SEP Financial Glossary

What is it? (see Simplified Employee Pension Plan)

Finance Term Definition Added By: Sophie

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Other Similar Finance Terms:

Financial Term Department of Education, U.S. (ED) is The federal government agency that administers assistance to students enrolled in postsecondary educational programs under the following programs Federal Pell Grant, Federal Perkins Loan, Federal Supplemental Educational Opportunity Grant (FSEOG), Federal Work-Study (FWS), Federal Family Education Loan (FFEL) Programs, and William D. Ford Federal Direct Loan (Direct Loan) Program.

Financial Term extension risk is The risk that rising interest rates may slow prepayment speeds and therefore cause an investment in a pass-through or CMO MBS to last longer than the investor anticipated. By taking longer to return the investors principal, the extension of the MBS prevents the investor from taking advantage of higher rates available from other investments.

Financial Term electronic funds transfer (EFT) is An electronically based rather than paper-based system of transferring funds to and from accounts. Two main EFT remittance methods are wire transfers and automated clearing house (ACH).

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

Financial Term Footnote S is To be used on the ex-date for stock splits or stock dividends