Examlex
The maximum annual elective contribution for a participant who is age 40 in a § 401(k)plan is $16,500 for 2010.
Redemption
The process by which securities or financial instruments are converted into cash or its equivalent value.
Collar
A protective options strategy that involves buying a put option and selling a call option on the same asset to limit the range of possible returns.
Putable Bond
A type of bond that allows the holder to sell the bond back to the issuer at a predetermined price before maturity.
Floating Rate
An interest rate that changes over time as it is tied to an underlying benchmark or index, commonly used in loans and bonds.
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