Examlex
In effect, a consumption tax would put all saving automatically into a tax-advantaged savings account similar to an Individual Retirement Account (IRA).
Meaning
The significance or interpretation of a word, phrase, sentence, or symbol.
Bonding
The process of creating a secure financial guarantee, typically via a bond, that protects against losses from failure to meet contractual obligations or perform duties.
Fidelity Bond
A form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals, often employees.
Surety Bond
A three-party agreement where the surety guarantees to the obligee that the principal will fulfill an obligation or perform as agreed.
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