Section K Plan | Insurance Glossary

Definition of "Section 408 (k) plan"

Section of the Internal Revenue Code that provides for SIMPLIFIED EMPLOYEE PENSIONS (SEP).

Another name by which a person is known. ...

Layering of a bond portfolio where bonds are sold whose yield to maturity are low and bonds are boug ...

A lender that sells the loans it originates, as opposed to a portfolio lender that holds them. ...

Membership organization of individuals especially trained in the application of actuarial mathematic ...

Process of examining, accepting, or rejecting insurance risks, and classifying those selected, in or ...

Type of insurance providing all risks coverage for personal property of the crew and passengers aboa ...

Recently sold properties that are similar in size, location, and amenities to the home for sale. The ...

A seller takeback is a type of financing in which the seller arranges for the financing on a propert ...

The process of paying off a loan balance. As you make payments, a certain amount is applied to the p ...

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

An opinion of a properties fair market value, based on an appraisers inspection and analysis of the ...

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

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