Glossary

C

Catch-up contributions

Catch-up contributions give people who are age 50 and over, or who turn 50 by the end of the calendar year, a chance to save more in their 401(k)s, IRAs and other retirement accounts. When a catch-up contribution is made, the total contribution will be larger than the standard contribution limit.

Conventional loan

A conventional loan is any type of mortgage that is not insured by the federal government. Instead, private lenders, such as banks and credit unions, issue conventional loans to homebuyers. Conventional loans are the most popular type of mortgage option today.

4

4
4
4
4

A

A
A

B

B

C

C
C

D

D
D

E

E
E

F

F
F
F
F

G

G

H

H

I

I
I
I

L

L

M

M
M
M
M

N

N

P

P
P

R

R
R
R
R

S

S
S
S
S
S

T

T
T
T
T

V

V

W

W

4

4
4
4
4

Recent Terms

Stagflation
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
Exchange-traded fund (ETF)
An exchange-traded fund (ETF) is a type of investment fund that holds a variety of underlying securities, including stocks, bonds, or alternative assets. It’s a way for investors to pool their money and each gain exposure to the assets within the fund rather than purchasing each asset individually.
SEP IRA
A SEP IRA — short for simplified employee pension plan — is a tax-advantaged retirement plan designed for business owners. While it can be used by businesses of any size, it’s often used by small business owners and self-employed individuals.