401(k) GRADE A Q&A
401(k) - (correct answer)tax deferred retirement plan funded by employees of profit
seeking business
403 (b) - (correct answer)tax deferred reteirement plan funded by employees of
government and nonprofit organizations
annuity - (correct answer)a contract purchased from an insurance coumpany that
guarantees a series of regular payments for a set time
asset allocation - (correct answer)choosing a combination of funds within a single
mutual fund company
callable bond - (correct answer)a bond with a clause that allows the issuer to repay the
bond early
clearing account - (correct answer)an accound used to buy and sell investments
collectibles - (correct answer)rare metals wich are usually natural substance
commodity - (correct answer)an item that has the same value across the market with
little or no difference in quality among producers
common stock - (correct answer)stock that pay variable dividends and gives voting
rights
coupon rate - (correct answer)the ficed rate of interest paid cemiannually on bond
direct investing - (correct answer)a bound that is sold for more than its face value
401(k) - (correct answer)tax deferred retirement plan funded by employees of profit
seeking business
403 (b) - (correct answer)tax deferred reteirement plan funded by employees of
government and nonprofit organizations
annuity - (correct answer)a contract purchased from an insurance coumpany that
guarantees a series of regular payments for a set time
asset allocation - (correct answer)choosing a combination of funds within a single
mutual fund company
callable bond - (correct answer)a bond with a clause that allows the issuer to repay the
bond early
clearing account - (correct answer)an accound used to buy and sell investments
collectibles - (correct answer)rare metals wich are usually natural substance
commodity - (correct answer)an item that has the same value across the market with
little or no difference in quality among producers
common stock - (correct answer)stock that pay variable dividends and gives voting
rights
coupon rate - (correct answer)the ficed rate of interest paid cemiannually on bond
direct investing - (correct answer)a bound that is sold for more than its face value
