Related Words

Dual Banking: See days sales outstanding.

Individualized Educational Plan: IEP, a plan for educational support services and outcomes developed for students enrolled in special education programs.

Individual Tax Return: A provision of the law governing IRA's that enables a retiree or anyone receiving a lump-sum payment from a pension, profit-sharing, or salary reduction plan to transfer the amount into an IRA.

International Banking Facility (IBF): A branch that an American bank establishes in the United States to do Eurocurrency business.

Medically Needy Individuals: Enrollees in Medicaid programs whose income or assets exceed the maximum threshold for certain federal programs.

Residual Claim: Related: Equity claim

Residual Benefits: Residual benefits can help make up the difference in income if an employee is able to work, but limited in his/her responsibilities due to his/her disability.

Residual Assets: Assets that remain after sufficient assets are dedicated to meet all senior debtholders' claims in full.

Individual Stop-Loss Coverage: A type of stop-loss insurance that provides benefits for claims on an individual that exceed a stated amount in a given period. Also known as specific stop-loss coverage.

Individual Retirement Arrangement (IRA): An individual retirement arrangement (IRA), which may be set up as either an account or an annuity, allows people with earned income to contribute to a tax-deferred traditional IRA or a tax- . . . View Full Definition