Examlex
Vesting refers to the ability of an employer to reclaim all of the funds it may have paid into a former employee's retirement fund upon that employee's decision to resign.
Interest Rate
is the cost of borrowing money or the return on investment in a savings account, usually expressed as a percentage of the principal over a period of one year.
Tax Free Municipal Bond
A type of bond issued by local governments or their agencies, the interest from which is exempt from federal income taxes.
Taxable Yield
The interest rate on a bond or security that is subject to taxes, as opposed to a tax-exempt yield.
Tax Bracket
Categories of income tax rates that increase progressively with the level of taxable income of the taxpayer.
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