A qualified state tuition program, named after its section in the United States tax code, which allows tuition savings and their earnings to grow tax-free.
See also: Tax-free
George and Mary opened up a529 planto save for college tuition as soon as
their son was born.
1. When a person or company is able to stay out of financial trouble. 2. When the market value of a company’s assets is much higher than their recorded book value (which is the value that must appear on financial statements).
See also: (1) Bankruptcy, Insolvency, (2) Book value, Financial statements
1. The small shop owners were hoping they would be able to keep their business
above waterduring the recession. 2. Due to skyrocketing real estate prices in
Colorado, the ski resort property wasabove water, and REIT investors were
seeing substantial gains.
The reduction of a loan balance through regular principal payments.
See also: Amortization schedule
Most mortgage loans useamortizationto create payment schedules.
A listing of all regular payments due on a loan, along with their due dates. Each line typically includes the total payment, the principal portion of the payment, the interest portion of the payment, and the remaining loan balance due after payment.
See also: Amortization
Gina got a copy of hermortgage amortizationschedule from the bank.
A fixed sum of money paid regularly to a named individual.
See also: Immediate annuity, Joint and survivor annuity, Variable annuity
He saved his quarterlyannuity checksfrom his grandfather’s estate in order
to take a vacation at the end of the year.