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Glossary

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Incorporation
The act of creating or organizing a corporation under the laws of a specific jurisdiction. view full definition

Incorporator
The person or entity that prepares, files, and signs the Articles of Incorporation. The incorporator can take corporate actions before directors and... view full definition

Indirect Rollover
When an employer-sponsored account is closed, a check is written to the employee and taken as a distribution. The employee then deposits the check... view full definition

Individual Retirement Account (IRA)
These qualified plans are created through a trustee and owned by the employee. Earnings are deposited before taxes are deducted from the employee’s... view full definition

Inherited IRA
An IRA that was transferred to a non-spousal beneficiary upon the account owner's death. view full definition

Interest
The cost of borrowing money, expressed as a rate or percentage. view full definition

Internal Revenue Code
All federal tax laws. Originally written in 1939, and thoroughly revised in 1954 and 1986. view full definition

International Franchise Association
The franchising industry's trade association. view full definition

Investment Firms
A financial institution that sells shares to individuals and invests in securities issued by other companies. view full definition

Investment of Capital
The money paid to purchase a capital asset or a fixed asset. view full definition

Investment Portfolio
A collection of investments all owned by the same individual or organization. view full definition

IRS
The acronym “IRS” stands for “Internal Revenue Service” which is the United States government agency that collects taxes and enforces the tax laws. It... view full definition


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