General Finance

General Finance

Industry: Financial services

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General Finance

unit benefit formula

Financial services; General Finance

Method used to determine a participant's benefits in a defined benefit plan. Involves multiplying years of service by the percentage of salary.

treasury

Financial services; General Finance

US Department of the Treasury, which issues all Treasury bonds, notes, and bills as well as overseeing agencies. Also, the department within a corporation that oversees its financial operations ...

tax umbrella

Financial services; General Finance

Tax loss carryforwards from previous business losses that form a tax shelter for profits earned in current and future years.

unit investment trust

Financial services; General Finance

Money invested in a portfolio whose composition is fixed for the life of the fund. Shares in a unit trust are called redeemable trust certificates, and they are sold at a premium to net asset value.