Not-For-Profit

Business / Taxes / Not-For-Profit: A not-for-profit organization pays taxes and may make a profit, but those profits are not distributed to its owners or members. Private clubs, sports organizations, political organizations, and advocacy groups are examples of not-for-profit institutions. Until it became a publicly traded company in 2006, the New York Stock Exchange was a not-for-profit membership association.

Institutional Fund

Business / Taxes / Institutional Fund: An institutional fund is a mutual fund that’s available to large investors, such as pension funds and not-for-profit organizations, with substantial amounts to invest. Typical institutional funds ha MORE

Employer Sponsored Retirement Plan

Business / Taxes / Employer Sponsored Retirement Plan: Employers may offer their employees either defined benefit or defined contribution retirement plans, or they may make both types of plans available. Any employer may offer a defined benefit plan, but MORE

Credit Union

Business / Finance / Credit Union: Applies to derivative products. Difference in the value of two options, when the value of the one sold exceeds the value of the one bought. One sells a 'credit spread.' Antithesis of a debit spread Re MORE

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