savings plan


savings plan
bank deposit where one is able to deposit money for set periods of time in return for interest

English contemporary dictionary. 2014.

Look at other dictionaries:

  • Registered Retirement Savings Plan — A Registered Retirement Savings Plan or RRSP is an account that provides tax benefits for saving for retirement in Canada. RRSP refers to a provision in the Income Tax Act that allows a person to shelter financial property from income taxes.RRSPs …   Wikipedia

  • Thrift Savings Plan - TSP — A retirement savings plan created by the Federal Employee s Retirement System Act of 1986 for current or retired employees of the federal civil service. The thrift savings plan is a defined contribution plan designed to give federal employees the …   Investment dictionary

  • Registered Education Savings Plan — A Registered Education Savings Plan, or RESP, is a savings account used by parents to save for their children s post secondary education in Canada. The principal advantages of RESPs are the access to the Canada Education Savings Grant (CESG) and… …   Wikipedia

  • Tax-Deferred Savings Plan — A savings plan or account that is registered with the government and provides deferral of tax obligations. Tax deferred savings plans may defer taxable income earned within the account either until withdrawal or until a particular date. They are… …   Investment dictionary

  • Thrift Savings Plan — The Federal Thrift Savings Plan, or TSP, is a retirement savings plan for civilians who are, or previously were, employed by the United States Government and for members of the uniformed services. The TSP encompasses many millions of investors… …   Wikipedia

  • Automatic Savings Plan — A type of personal savings system in which the plan contributor automatically deposits a fixed amount of funds at specified intervals into their investment account. The typical structure of this type of savings system is an automatic transfer… …   Investment dictionary

  • Registered Education Savings Plan - RESP — A savings plan sponsored by the Canadian government that encourages investing in a child s future post secondary education. Subscribers to an RESP make contributions that build up tax free earnings tax free because subscribers cannot deduct… …   Investment dictionary

  • Employee Savings Plan — A pooled investment account provided by an employer that allows employees to set aside a portion of their pretax wages for retirement savings or other long term goals (i.e. paying for college tuition, purchasing a home). Many employers match… …   Investment dictionary

  • Quebec Stock Savings Plan — The Quebec Stock Savings Plan (French: Régime d épargne actions (RÉA)), was founded on March 27, 1979 by Jacques Parizeau. The QSSP offered taxpayers generous tax write offs for investments in new public stock issues of companies whose head… …   Wikipedia

  • 529 Savings Plan — A tax advantaged method of saving for future college expenses that is authorized by Section 529 of the Internal Revenue Code. The plan allows an account holder to establish a college savings account for a beneficiary and use the money to pay for… …   Investment dictionary


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.