As an investor in today's complex world, you're bombarded by industry terminology everywhere you turn. In the FESCO Investing Terms Glossary we've defined many of these terms for you in an easy-to-understand manner.
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| Investing Glossary: "V" Terms |
Vesting |
The right to receive a pension benefit even if employment should be terminated prior to the normal retirement date. |
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Voluntary Accumulation Plan |
A plan for accumulating mutual fund shares under which there is no set goal or duration for the plan. Each accumulation payment is considered separately for the application of the sales charge. |
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Voluntary Contributions |
Additional money put into qualified plans by plan participants from their own funds. While these contributions will accumulate tax-deferred, they are not tax-deductible. |
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