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Financial terms in "Investing and Trading"

1. zig zag

2. Market

3. health warning

4. loan stock

5. Board Of Trade

6. Inflation-adjusted return

7. commodity-backed bond

8. Correction

9. CME

10. Subscription price

11. capital stock

12. Pbot

13. Offering price

14. bull flattener

15. close market

16. commercial hedger

17. Delta Margining

18. net asset value per share

19. Investment Corporation of Dubai (ICD)

20. debt-convertible bond

21. flow derivative

22. gilt unit trust

23. Sweetener

24. PER

25. Positive carry

26. in the money

27. desktop ticker

28. breaking the buck

29. Fallen Angel

30. contract broker

31. bookout

32. loop order

33. Dividend yield

34. amateur investor

35. Maturity value

36. Option Grantor

37. London Stock Exchange (LSE)

38. Chicago Board Options Exchange

39. Extrinsic Value

40. sales fee

41. Retail Investor

42. Clearing Procedures Action Type

43. best ask

44. annual management charge

45. Member Responsibility Action (mra)

46. multilateral trading facility (MTF)

47. lifting a leg

48. Direct Stock Purchase Plan

49. Pacific Stock Exchange (PCX)

50. performance drag

51. Discount

52. selective disclosure

53. covered combination

54. Stock buyback

55. Par value

56. limited discretionary account

57. daily chart

58. Automated Pricing and Reporting System

59. margin closeout

60. bond anticipation note

61. Share

62. trading curb

63. Allowances

64. Stock split

65. leveraged investment company

66. international trade

67. Hong Kong Stock Exchange (HKG)

68. fun money

69. To Arrive Contract

70. downside risk

71. Rule 13d

72. chasing the market

73. dark trading

74. limit order information system

75. market indicator

76. tracking

77. Deferred annuity

78. revenue anticipation note

79. Buenos Aires Stock Exchange (BUE)

80. daylight trade

81. board lot

82. Level III quotes

83. Stock certificate

84. Rule of 78

85. Default

86. bill-and-hold basis

87. contingent deferred sales charge

88. exit

89. iShares

90. PSLRA

91. guilt-edged investment

92. money flow

93. copula

94. undersubscription

95. variable price limit

96. after the bell

97. best-execution requirement

98. Emerging Markets Free Index

99. Carl Icahn

100. Automated Search And Match (ASAM)

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Featured term of the day

Definition / Meaning of

Education Savings Account (ESA)

Categories: Finance,

You can put up to $2,000 a year into a coverdell education savings account (ESA) that you establish in the name of a minor child. The assets in the account can be invested any way you choose.There is no limit on the number of accounts you can set up for different beneficiaries, but no more than a total of $2,000 can be contributed in a single beneficiary's name in any one year. If you choose, you may switch the beneficiary of an ESA to another member of the same extended family.Your contribution is not tax deductible. But any earnings that accumulate in the account can be withdrawn tax free if they're used to pay qualified educational expenses for the beneficiary until he or she reaches age 30. The costs can be incurred at any level, from elementary school through a graduate degree, or at a qualified post-secondary technical or vocational school. There are no restrictions on using ESA money in the same year the student uses other tax-free savings, or the student, parent, or guardian uses tax credits for educational expenses. But you can't take a credit for expenses you covered with tax-free withdrawals.To qualify to make a full $2,000 contribution to an ESA, your modified adjusted gross income (MAGI) must be $95,000 or less, and your right to make any contribution at all is phased out if your MAGI is $110,000 if you're a single taxpayer. The comparable range if you're married and file a joint return is $190,000, phased out at $220,000.

Most popular terms

1. Financial Industry Regulation Authority
2. Portable Benefits
3. Bankruptcy Proceedings
4. Immigration Violation Coverage Endorsement
5. Return
6. Inflation-adjusted Principal
7. Disclosure
8. Nonprofit
9. Money Supply
10. Concurrent Causation

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