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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

master pension plan

Banking; Savings

A retirement plan developed for an employer by a bank or other financial institution. Such a plan might include profit sharing, stock bonuses, thrift arrangements, or defined ...

actuarial adjustment

Banking; Savings

A readjustment of insurance and pension benefits due to changes in a company's financial reserves. Impacts may include an increased number of pensioners retiring early or the ...

active participant

Banking; Savings

An individual who participates in a retirement plan sponsored either by his/her employer or, if self-employed, by himself or herself. A person would be considered an active ...

accelerated vesting

Banking; Savings

An option of a stock ownership or retirement plan offered by a company whereby the employee is allowed to gain the right to access benefits more rapidly than a traditional vesting ...

nest egg

Banking; Savings

Colloquial term for a sum of money or funds set aside for purposes like retirement, university tuitions, or to describe the overall wealth of an individual, family or entity. The ...

profit-sharing

Banking; Savings

An arrangement in which an employer shares some of its profits with its employees. The compensation can be stocks, bonds, or cash, and can be immediate or deferred until ...

lifelong learning plan

Banking; Savings

Adopted by Canadian authorities, this plan allows individuals to make tax-free withdrawals from their retirement accounts up to a total of $20,000 in maximum increments of $10,000 ...