Substantially Equal Periodic Payment – SEPP

Substantially Equal Periodic Payment – SEPP

DEFINITION of ‘Substantially Equal Periodic Payment – SEPP’ A substantially equal periodic payment (SEPP) plan allows individuals who have invested in an IRA or another qualified retirement plan to withdraw funds prior to the age of 59½ and avoid...
Retail Sales

Retail Sales

Loading the player… What are ‘Retail Sales’ Retail sales are an aggregated measure of the sales of retail goods over a stated period. The measure is typically based on a data sampling that is extrapolated to model an entire country. Because retail...
Check Hold

Check Hold

DEFINITION of ‘Check Hold’ A check hold denotes the maximum number of days that a bank can legally hold the money from a deposited check. After the period of the check hold has expired, the bank must credit the funds to the account of the party making the...
Small banks near big win on Dodd-Frank rollback

Small banks near big win on Dodd-Frank rollback

Sen. Warren: Wall Street’s worst nightmare Thousands of the country’s smallest banks and dozens of regional lenders may finally get the relief they’ve been aching for. For the past eight years, banks like State Street, BB&T and SunTrust have...
Living Will

Living Will

What is a ‘Living Will’ A living will – also known as an advance directive – is a legal document that specifies the type of medical care that an individual does or does not want in the event that he is unable to communicate his wishes. In the case of an...