Finance terms starting with T

95 terms

T-Bill (Treasury Bill) Short-term, highly liquid government securities issued at a discount from the face value and returning the face amount at maturity.
Tailgating When a broker places your order for a security, and then immediately places an order for his or her own account for the same security, the broker is…
Target date fund A target date fund is a fund of funds that allows you to link your investment portfolio to a particular time horizon, typically your expected retirement…
Target risk fund A target risk fund is a fund of funds that maintains a specific asset allocation in order to provide an essentially level exposure to investment risk.
tariff A tax on products imported from foreign countries.
tax avoidance An action taken to lessen tax liability and maximize after-tax income.
Tax bracket A tax bracket is a range of income that is taxed at a specific rate. In the United States there are six brackets, taxed at 10%, 15%, 25%, 28%, 33%, and…
tax code The official body of tax laws and regulations.
Tax Credit A tax credit is an amount you can subtract from the tax you would otherwise owe.
tax cut A reduction in the amount of taxes taken by the government.
tax deduction An amount (often a personal or business expense) that reduces income subject to tax.
Tax deferred A tax-deferred account allows you to postpone income tax that would otherwise be due on employment or investment earnings you hold in the account until…
tax evasion A failure to pay or a deliberate underpayment of taxes.
Tax exempt Some investments are tax exempt, which means you don't have to pay income tax on the earnings they produce.
tax exemption A part of a person's income on which no tax is imposed.
tax liability (or total tax bill) The amount of tax that must be paid. Taxpayers meet (or pay) their federal income tax liability through withholding, estimated tax payments, and payments…
tax preparation software Computer software designed to complete tax returns. The tax preparation software works with the IRS electronic filing system.
tax shift The process that occurs when a tax that has been levied on one person or group is in fact paid by others.
Tax-efficient funds When a mutual fund minimizes the income earnings and capital gains it distributes to its shareholders, it may be described as a tax-efficient fund.
tax-exempt interest income Interest income that is not subject to income tax. Tax-exempt interest income is earned from bonds issued by states, cities, or counties and the District…
taxable interest income Interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
taxes Required payments of money to governments that are used to provide public goods and services for the benefit of the community as a whole.
Teacher and Employee Retention Incentive (TERI) Program Active SCRS members eligible for service retirement may participate in the TERI program , which allows an SCRS member to retire and begin accumulating his…
Teaser rate A teaser rate is a low introductory interest rate on a credit card or an adjustable rate mortgage (ARM).
Technical analysis Technical analysts track price movements and trading volumes in various securities to identify patterns in the price behavior of particular stocks, mutual…
Telemarketing Fraud Unsolicited telephone call from a criminal who tries to trick the consumer into disclosing personal information (bank account number, credit card number…
telephone tax refund Taxpayers are eligible to file for refunds of all excise tax they have paid on long-distance service billed to them after Feb. 28, 2003.
Tenancy-in-common When two or more people own property as tenants-in-common (TIC), they share in the property's tax benefits, any income it generates, and its growth in…
Tender offer When a corporation or other investor offers to buy a large portion of outstanding shares of another company, called the target company, at a price higher…
Term A term is the length of time between when a fixed-income security, such as a bond or note, is offered for sale and its maturity date.
Term Insurance A plan of insurance that covers the insured for only a certain period of time (the term), not for his or her entire life.
Term Rider Term insurance that is added to a whole life policy at the time of purchase or that may be added in the future.
Termination A Reporting Status for an employee who is leaving a covered position that requires the filer to file an SF 278.
Termination Date The SF 278 filer's last day in the position. It is the last day paid for that position.
Terms The period of time and the interest rate arranged between creditor and debtor to repay a loan.
Thin market A thin market is one where securities trade infrequently. The term can refer to an entire securities market, such as one in an emerging nation, a specific…
Thinly traded A particular stock, sector, or market is said to be thinly traded if transactions occur only infrequently, and there are a limited number of interested…
Third market Exchange-listed securities, such as those that are traded on the New York Stock Exchange (NYSE) or the American Stock Exchange (AMEX), may also be bought…
Third Party An individual other than the policyholder or the insurance company who has suffered a loss and may be able to collect compensation under the policy, due…
Third Party Administrator (TPA) An organization that performs managerial and clerical functions related to an employee benefit insurance plan by an individual or committee that is not an…
Third Party Fees a fee that you pay up front for a mortgage broker to pay to another party, such as to obtain a credit report, order an appraisal, or to do a title search.
Third-party claim A claim filed against another person’s insurance policy.
Thrift An organization that primarily accepts savings account deposits and invests most of the proceeds in mortgages.
Tick A tick is the minimum movement by which the price of a security, option, or index changes. With stocks, a tick may be little as one cent.
Ticker (tape) While the stock markets are in session, there is a running record of trading activity in each individual stock.
Ticker symbol A ticker symbol, also known as a stock symbol, is a unique string of letters that identifies a particular stock on one of two electronic tapes that report…
Time deposit A time deposit (also known as a term deposit) is a money deposit at a bank that cannot be withdrawn for a certain "term" or period of time.
Time value of money The concept that money today is worth more than the same amount in the future, when inflation has reduced its value.
tip income Money and goods received for services performed by food servers, baggage handlers, hairdressers, and others.
Title A title is a legal document proving ownership of a piece of property. If you are buying real estate you authorize a title search, or examination of…
Title Insurance Title insurance protects your lender's interest in your home and real property in case its ownership is contested in court.
Title Search A title search is an examination of property records by a title company or attorney to ensure that the person from whom you are buying a piece of property…
Toehold purchase A toehold purchase is one in which an individual investor or investment firm caps holdings in a potential target company at less than 5% of the company's…
Total Loss When the cost to repair a vehicle approaches or exceeds the vehicle’s actual cash value.
Total return Total Return is the change in value of the fund plus any distribution (i.e. capital gain, interest, and dividends) divided by the value of the fund at the…
Total return index A total return index is an equity market index that's calculated using the assumption that all of the dividends that the stocks in the index pay are…
Towing and Labor Coverage Reimburses you when your vehicle breaks down or is damaged and must be towed to a repair shop or to another location.
Towing Coverage An optional coverage of an automobile policy that pays a specified amount for towing and related labor costs.
Tracking stock Some corporations issue tracking stock, a type of common stock whose value is linked to the performance of a particular division or business within a…
Trade date The trade date is the day on which you buy or sell a security, option, or futures contract.
trade date v. settlement date The trade date is the day a trade is executed. The settlement date is the agreed upon date when payment must be made and/or securities presented.
Trader Traders who are dealers or market makers select the securities in which they will specialize and provide quotes on those securities in the marketplace.
Trading floor The trading floor is the active trading area of a stock exchange, such as the New York Stock Exchange (NYSE).
Trading range A trading range means different things on different types of markets. On a stock exchange or over-the-counter market, it's the spread between the highest…
Trading symbol All companies listed on the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX), or the NASDAQ Stock Market are represented by a unique…
Trading volume Trading volume is the quantity of stocks, bonds, futures contracts, options, or other investments that are bought sold in a specific period of time…
Tranche Certain securities, such as collateralized mortgage obligations (CMOs), are made up of a number of classes, called tranches, that differ from each other…
transaction taxes Taxes on economic transactions, such as the sale of goods and services. These can be based on a set of percentages of the sales value (ad valorem-sales…
transfer In a transfer, a 401(k) or IRA custodian or trustee moves the assets in your existing account directly to the custodian or trustee of your new account.
Transfer Agent A trust company appointed by a company to keep a record of the names, addresses and numbers of shares held by its shareholders.
Transferable-on-death A securities or brokerage account titled transferable-on-death (TOD) lets you name one or more beneficiaries, to whom the account assets are transferred…
transmit To send a tax return to the IRS electronically. Tax returns prepared on paper can be sent through the mail.
Transmittal Sheet (TS) The transmittal sheet is submitted with a reporter's data. The transmittal sheet includes the following information: reporter's HMDA ID number, regulatory…
Transmitter Sends the electronic return data directly to the IRS.
Transparency Transparency is a measure of how much information you have about the markets where you invest, the corporations whose stocks or bonds you buy, or the…
Treasuries Debt obligations, such as U.S. Treasury bills, notes and bonds, issued by the Federal Government and secured by the full faith and credit (power to tax…
Treasury Bill (T-Bill) Short-term, highly liquid government securities issued at a discount from the face value and returning the face amount at maturity.
Treasury bill rate The rate paid by the government on its short-term borrowing. See index.
treasury bills (t-bills) Treasury Bills are short-term government issued debt instruments whose return is determined by prevailing market rates of return.
Treasury bond Treasury bonds are long-term government debt securities with a maturity date of 30 years that are issued in denominations of $1,000.
Treasury Bond or Note Debt obligations of the Federal government that make semiannual coupon payments and are sold at or near par value in denominations of $1,000 or more.
Treasury Direct Treasury Direct is a direct investment system, offered through the US Department of the Treasury, lets you make competitive or noncompetitive bids for new…
Treasury inflation-protected securities (TIPS) TIPS, or Treasury inflation-protected securities, are inflation-indexed Treasury bonds and notes. They protect you against deflation as well.
Treasury note Like US Treasury bills, Treasury notes are debt securities issued by the US government and backed by its full faith and credit.
Treasury stock Treasury stock is stock that an issuing company repurchases from its shareholders.
Tri-Party Repo In a tri-party repo, an independent institution enters into a tripartite agreement with the two counterparties to the transaction.
Trial Period or Trial Period Plan HAMP requires homeowners to enter into a trial period plan before receiving a permanent HAMP modification.
Tripartite Relating to or executed by three parties: a tripartite agreement.
Trust A fiduciary relationship in which a person, called a trustee, holds title to property for the benefit of another person, called a beneficiary.
Trust deed A deed executed in conformity with title 45, chapter 15, Idaho Code, and conveying real property to a trustee in trust to secure the performance of an…
Trustee A trustee is a person or institution appointed to manage assets for someone else's benefit.
Truth In Lending Act The Truth-in-Lending Act requires every lender to provide a complete and clear disclosure of the key terms of any lending or leasing arrangement, plus a…
Truth in Lending Act (TILA) The Truth in Lending Act is a Federal law that requires lenders to provide standardized information so that borrowers can compare loan terms.
Turnover ratio A mutual fund's turnover ratio measures the percentage of holdings that the fund sells, or turns over, in a year.
Type of Purchaser If you sell a loan in the same calendar year in which it was originated or purchased, you must identify the type of purchaser to whom it was sold.