Appendix A. Glossary
- 401(k) plan
A retirement plan into which you can contribute a portion of your current salary (usually before taxes). Contributions can grow tax-deferred until you withdraw them upon retirement.
- adjustable-rate mortgage
A mortgage set up with an interest rate that can change at specific intervals, as determined under the initial contract.
- adjusted gross income (AGI)
Your gross income, less certain allowed business-related deductions. These deductions include alimony payments, contributions to a Keogh retirement plan, and in some cases, contributions to an IRA.
An individual who inspects damage as reported on an insurance claim and determines a settlement amount for the claim.
- aggressive growth fund
A type of mutual fund where ...