Retirement and Education Savings Accounts
Employees of churches, charities, libraries, hospitals, and other non-profit organizations and public educational institutions may participate in this ERISA sponsored plan
403(b)
A company may decrease its outstanding shares through this activity in which its outstanding shares are purchased in a secondary market transaction at the current market price.
Buyback
This is the typical par value of a bond
$1000
These three categories of investment companies are defined by the Investment Company Act of 1940
Face-amount Certificate Companies, Unit Investment Trusts (UITs), and Management Companies
To be offered to the public, municipal bond issues must include this document, which serves the same disclosure purpose as a prospectus for a corporate security
Official Statement
The money in an ESOP account is not taxed until the employee retires. However, in this account, employees purchase the stock with their own after-tax dollars and have to pay capital gains taxes when they sell their shares
Employee Stock Purchase Plan (ESPP)
Private foreign companies acquire public U.S. companies in this activity in order to access U.S. capital markets.
Reverse Merger or Reverse Takeover
The relationship between the value of debt securities and changes in their interest rates is best categorized as this
Inverse
Open-end investment company securities are more commonly called
Mutual Funds
This type of municipal security is backed by the full faith and credit, or taxing authority of the issuer
General Obligation Bond
This entity is the administrator and enforcer of ERISA provisions
Department of Labor
After receipt of this signed disclosure document, this requirement must be met before a penny stock transaction can take place
Two-day waiting period
These bonds are issued at a discount from face value (par) and mature to their face value
Zero-coupon Bonds
Funds that primarily invest in bonds with a term to maturity of less than one year
Ultra-short-term bond funds
These municipal securities do not have a fixed coupon, are typically issued with maturities of 20-30 years, and are considered short-term
Variable Rate Debt Obligation (VRDO)
A 58 1/2 year old employee is eligible to make a maximum annual elective deferral of this dollar amount to their 401(k) plan
$32,500.
Adjustable rate preferred stock dividends adjust quarterly and are typically tied to this benchmark rate
T-Bill Rate
The Yield to Worst quoted on a discount and premium bond respectively
Yield to Maturity and Yield to Call
This annuity product includes both fixed and variable accounts. The portion of the premium allocated to the fixed annuity component is invested in the insurer’s general account and is guaranteed, and the portion allotted to the variable annuity component is invested in the separate account
Combination Annuity
Partially subsidized by the United States government, the issuer of a Build America Bond (BAB) is responsible for this percentage of the interest payable
65%
A 7 year old lemonade stand operator received $20 every week in 2023 selling craft lemonade in her neighborhood. If she spent $5 per week on purchasing ingredients, she is eligible to contribute this dollar amount to a Roth IRA
$780
For preferred stock dividends, the security must be held for 91 days out of the 181-day period beginning this many days before the ex-dividend date to be considered qualified
90 Days
The rating given to speculative commercial paper
NP (not prime)
This rider guarantees the percentage of the contract value that can be withdrawn each year for life, despite poor market performance that would reduce the contract value
Guaranteed Lifetime Withdrawal Benefit (GLWB)
When a municipality deposits government securities in escrow sufficient to cover the interest and principal payments of a bond until maturity, the bond is said to be defeased or
Escrowed to maturity