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Banking

The business of a banker, banking involves an establishment for the loaning, holding, exchanging, or issuing of money. Also deals with the transmission of funds and the extensions of credit.

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Contributors in Banking

Banking > Savings

cash or deferred arrangement

Banking; Savings

A qualified plan, usually part of a profit sharing or stock bonus plan, that gives an employee the option to contribute some of his/her salary to the plan. One example is a 401(k) ...

bank trust custodial account

Banking; Savings

A type of Individual Retirement Account (IRA) in which contributions are placed either in an interest-bearing bank account or an account with a brokerage. This type of IRA gives ...

benefit offset

Banking; Savings

A partial or complete loss of retirement plan benefits which may result when an employee owes money to his or her plan or receives benefits from another source. The Social ...

advance earned income credit

Banking; Savings

A provision that allowed employees to receive their earned income credit as an advance in their paycheck throughout the year. The earned income credit is a refundable tax credit ...

additional voluntary contributions

Banking; Savings

AVCs. In addition to regularly made contributions, these are extra contributions paid by an employee into a pension plan. Employees tend to make additional contributions to save ...

advance funded pension plan

Banking; Savings

A retirement plan option that allows an employee to set aside assets before retirement as long as the contributions follow the delegated schedule and regulations set forth by the ...

integrated pension plan

Banking; Savings

Plan that is tied to a person's payments into Social Security. This amount will be used in calculating the total benefit that the individual will receive upon retirement. This ...