Federal Communications Commission

FCC. A U.S. government agency charged with the task of regulating all forms of interstate and international communication. The agency was created via the Communications Act of 1934, originally for the purpose of regulating radio licensing. Over the years, as technology developed, various other forms of communication fell under the agency's jurisdiciton, including television and telecommunication mediums. The agency strives to reach several broad goals, including providing everyone with access to broadband services, and creating efficient ways to communicate during emergency situations. The FCC has also created laws which speak to decency, and can punish entities for broadcasting content that doesn't follow the regulations. The Commissioners of the FCC are appointed by the President, and generally serve five year terms.

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Definition / Meaning of

Inflation-protected Security (TIPS)

Categories: Finance,

us treasury inflation-protected securities (TIPS) adust the principal twice a year to reflect inflation or deflation measured by the consumer price index (CPI). The interest rate is fixed and is paid twice a year on the adjusted principal. So if your principal is larger because of inflation you earn more interest. If it's lower because of deflation, you earn less.You can buy TIPS with terms of 5, 10, or 20 year at issue using a TreasuryDirect account or in the secondary market. At maturity you receive either the adjusted principal or par value, whichever is greater. You owe federal income tax on the interest you earn and on inflation adjustments in each year they're added even though you don't receive the increases until the security matures. However, TIPS earnings are exempt from state and local income taxes.These securities provide a safeguard against deflation as well as against inflation since they guarantee that you'll get back no less than par, or face value, at maturity.

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Federal Communications Commission

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Inflation-protected Security (TIPS)

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