Examlex
Use the following two columns of items to answer the matching questions below:
-loan application
A)disclosure of information including a balance sheet and cash flow statement
B)a contract that specifies the terms of the loan agreed to by the borrower and lender
C)loan that is not backed by collateral
D)life or duration of a loan
401k Plans
Retirement savings plans sponsored by employers that allow employees to save and invest a piece of their paycheck before taxes are taken out.
403b Plans
Tax-deferred retirement savings plan available for public education organizations, some non-profit employers, and self-employed ministers.
Tax Penalty
An additional charge imposed by the tax authority on a taxpayer for not meeting tax obligations or for errors in a tax return.
Taxable Withdrawals
Withdrawals from an investment account that are subject to income tax, usually from accounts that offer tax advantages at the time of deposit or investment.
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