Simplified Employee Pension Plan (SEP) Financial Glossary

What is it? A tax-deferred retirement plan for small businesses.

Finance Term Definition Added By: Benjamin

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Other Similar Finance Terms:

Financial Term Bond Factor is Bond factors relate to pass-through securities that have had part of their principal repaid prior to maturity. The bond factor is the proportion of the principal that is yet to be repaid. Eg a bond factor of 0.85 means 85% of principal is yet to be repaid

Financial Term Municipal Bond is A bond issued by a state or a political subdivision, such as a county, city, town, or village. The term also designates bonds issued by state agencies and authorities. Interest payments from municipal bonds are generally free from federal income taxation.

Financial Term Depository Trust Company (DTC) is An organization that holds physical certificates for stocks and bonds and issues receipts to owners. Securities held by DTC are immobilized so that they can be traded on a book-entry basis.

Financial Term WI is When-issued.

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