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Registered Retirement Income Fund (Canada) |
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Definition of Registered Retirement Income Fund (Canada)Registered Retirement Income Fund (Canada)Commonly referred to as a RRIF, this is one of the options available to RRSP holders to convert their tax sheltered savings into taxable income.
Related Terms:Annual fund operating expensesFor investment companies, the management fee and "other expenses," Balanced fundAn investment company that invests in stocks and bonds. The same as a balanced mutual fund. Balanced mutual fundThis is a fund that buys common stock, preferred stock and bonds. The same as a Beta (Mutual Funds)The measure of a fund's or stocks risk in relation to the market. A beta of 0.7 means Beta equation (Mutual Funds)The beta of a fund is determined as follows: Closed-end fundAn investment company that sells shares like any other corporation and usually does not Cost of fundsInterest rate associated with borrowing money. Dividend yield (Funds)Indicated yield represents return on a share of a mutual fund held over the past 12 Economic incomeCash flow plus change in present value. Employee stock fundA firm-sponsored program that enables employees to purchase shares of the firm's Endowment fundsInvestment funds established for the support of institutions such as colleges, private Federal fundsNon-interest bearing deposits held in reserve for depository institutions at their district Federal Federal funds marketThe market where banks can borrow or lend reserves, allowing banks temporarily Federal funds rateThis is the interest rate that banks with excess reserves at a Federal Reserve district bank Fixed-income equivalentAlso called a busted convertible, a convertible security that is trading like a straight Fixed-income instrumentsAssets that pay a fixed-dollar amount, such as bonds and preferred stock. Fixed-income marketThe market for trading bonds and preferred stock. Forward Fed fundsFed funds traded for future delivery. Fund familySet of funds with different investment objectives offered by one management company. In many Fundamental analysisSecurity analysis that seeks to detect misvalued securities by an analysis of the firm's Fundamental betaThe product of a statistical model to predict the fundamental risk of a security using not Fundamental descriptorsIn the model for calculating fundamental beta, ratios in risk indexes other than Funded debtDebt maturing after more than one year. Funding ratioThe ratio of a pension plan's assets to its liabilities. Funding riskRelated: interest rate risk Funds From Operations (FFO)Used by real estate and other investment trusts to define the cash flow from Global fundA mutual fund that can invest anywhere in the world, including the U.S. Hedge fundA fund that may employ a variety of techniques to enhance returns, such as both buying and High-coupon bond refundingRefunding of a high-coupon bond with a new, lower coupon bond. Income beneficiaryOne who receives income from a trust. Income bondA bond on which the payment of interest is contingent on sufficient earnings. These bonds are Income fundA mutual fund providing for liberal current income from investments. Income statement (statement of operations)A statement showing the revenues, expenses, and income (the Income stockCommon stock with a high dividend yield and few profitable investment opportunities. Index fundInvestment fund designed to match the returns on a stockmarket index. International fundA mutual fund that can invest only outside the United States. International Monetary FundAn organization founded in 1944 to oversee exchange arrangements of Investment incomeThe revenue from a portfolio of invested assets. Liability funding strategiesInvestment strategies that select assets so that cash flows will equal or exceed Load fundA mutual fund with shares sold at a price including a large sales charge -- typically 4% to 8% of Low-coupon bond refundingRefunding of a low coupon bond with a new, higher coupon bond. Match fundA bank is said to match fund a loan or other asset when it does so by buying (taking) a deposit of Money market fundA mutual fund that invests only in short term securities, such as bankers' acceptances, Monthly income preferred security (MIP)Preferred stock issued by a subsidiary located in a tax haven. Mutual fundMutual funds are pools of money that are managed by an investment company. They offer Mutual fund theoremA result associated with the CAPM, asserting that investors will choose to invest their Net advantage of refundingThe net present value of the savings from a refunding. Net incomeThe company's total earnings, reflecting revenues adjusted for costs of doing business, No load mutual fundAn open-end investment company, shares of which are sold without a sales charge. No-load fundA mutual fund that does not impose a sales commission. Related: load fund NonrefundableNot permitted, under the terms of indenture, to be refundable. Objective (mutual fund)The fund's investment strategy category as stated in the prospectus. There are Open-end fundAlso called a mutual fund, an investment company that stands ready to sell new shares to the Overfunded pension planA pension plan that has a positive surplus (i.e., assets exceed liabilities). Prerefunded bondRefunded bond. Private Export Funding Corporation (PEFCO)Company that mobilizes private capital for financing the Purchase fundResembles a sinking fund except that money is used only to purchase bonds if they are selling Pure index fundA portfolio that is managed so as to perfectly replicate the performance of the market portfolio. RefundableEligible for refunding under the terms of indenture. Refunded bondAlso called a prerefunded bond, one that originally may have been issued as a general RefundingThe redemption of a bond with proceeds received from issuing lower-cost debt obligations Regional fundA mutual fund that invests in a specific geographical area overseas, such as Asia or Europe. Registered bondA bond whose issuer records ownership and interest payments. Differs from a bearer bond Registered representativeA person registered with the CFTC who is employed by, and soliciting business Registered traderA member of the exchange who executes frequent trades for his or her own account. Revenue fundA fund accounting for all revenues from an enterprise financed by a municipal revenue bond. Single country fundA mutual fund that invests in individual countries outside the United States. Sinking fund requirementA condition included in some corporate bond indentures that requires the issuer to Spread incomeAlso called margin income, the difference between income and cost. For a depository Stopping curve refunding rateA refunding rate that falls on the stopping curve. Surplus fundsCash flow available after payment of taxes in the project. Tax-deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to Taxable incomeGross income less a set of deductions. Term Fed FundsFed funds sold for a period of time longer than overnight. 12b-1 fundsMutual funds that do not charge an upfront or back-end commission, but instead take out up to Two-fund separation theoremThe theoretical result that all investors will hold a combination of the riskfree Underfunded pension planA pension plan that has a negative surplus (i.e., liabilities exceed assets). Underwriting incomeFor an insurance company, the difference between the premiums earned and the costs Unfunded debtDebt maturing within one year (short-term debt). See: funded debt. INCOME STATEMENTAn accounting statement that summarizes information about a company in the following format: INCOME TAXWhat the business paid to the IRS. NET INCOMEThe profit a company makes after cost of goods sold, expenses, and taxes are subtracted from net sales. RATIO OF NET INCOME TO NET SALESA ratio that shows how much net income (profit) a company made on each dollar of net sales. Here’s the formula: RATIO OF NET SALES TO NET INCOMEA ratio that shows how much a company had to collect in net sales to make a dollar of profit. Figure it this way: Residual income (RI)The profit remaining after deducting from profit a notional cost of capital on the investment in a business or division of a business. Shareholders’ fundsThe capital invested in a business by the shareholders, including retained profits. Dividend incomeincome that a company receives in the form of dividends on stock in other companies that it holds. Income StatementOne of the basic financial statements; it lists the revenue and expense accounts of the company. Interest incomeincome that a company receives in the form of interest, usually as the result of keeping money in interest-bearing accounts at financial institutions and the lending of money to other companies. Net incomeThe last line of the income Statement; it represents the amount that the company earned during a specified period. earnings before interest and income tax (EBIT)A measure of profit that income statementFinancial statement that summarizes sales revenue net income (also called the bottom line, earnings, net earnings, and netoperating earnings) residual incomethe profit earned by a responsibility center that exceeds an amount "charged" for funds committed to that center Society of Management Accountants of Canadathe professional body representing an influential and diverse tax-deferred incomecurrent compensation that is taxed at a future date tax-exempt incomecurrent compensation that is never taxed Fixed-income securityA security that pays a specified cash flow over a IncomeNet earnings after all expenses for an accounting period are subtracted from all Related to : financial, finance, business, accounting, payroll, inventory, investment, money, inventory control, stock trading, financial advisor, tax advisor, credit. |