Examlex
Securities with maturities of one year or less are classified as
401k
An employer-backed retirement investment program that permits workers to allocate a part of their earnings for savings before any tax deductions.
403b Plan
A 403b plan is a tax-advantaged retirement savings plan available to employees of public education organizations, some non-profit employers, and certain ministers, similar to a 401(k) plan.
Municipal Bond
A debt security issued by a city, municipality, or county to finance its capital expenditures, typically offering tax-exempt interest payments.
Corporate Bond
A debt security issued by corporations to finance their operations, which promises to pay the holder a specified rate of interest and return the principal at maturity.
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Q78: If shorter term securities have higher annualized