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    A retirement account to which an eligible employee can contribute a certain amount of his or her pretax salary; earnings are tax-deferred.Some employers may match a stated percentage of employee 401(k) contributions.After deposits, interest received, and credits are added and automatic withdrawals, outstanding checks, negotiated checks, and account charges are subtracted, if the resulting balance equals the ending balance on the statement, the account is reconciled.The function of compiling and providing financial information primarily by reports referred to as financial statements.If a corporation does business under an assumed name, it may be required to file registration of the assumed name with the state. Statement, at a particular point in time, of the financial position of a business or organization.This is generally divided into three parts: assets, liabilities and ownership, or equity. A type of mortgage with a final payment that is considerably larger than the preceding payments, typically used when borrowers anticipate receiving a large sum of cash to pay the balance or when they expect to refinance before the final payment.A tax calculation designed to prevent taxpayers from escaping their fair share of tax liability by taking numerous tax breaks; it adds certain tax preference items back into adjusted gross income.

    If the annuitant dies before the end of this period, the remaining obligation is transferred to a designated beneficiary.The Securities and Exchange Commission (SEC) requires all corporations issuing registered stock to publish annual reports, which are sent to shareholders and also made available for public review.A long-term contract sold by life insurance companies that guarantees fixed or variable payments to the purchaser at regular intervals.Legal status of a person/corporation who/which is unable to pay its debts as they become due and who/which has made a transfer of property or of a right or interest in property to a trustee for the benefit of creditors.The state of being insolvent or unable to pay outstanding debt.

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