Glossary
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A stock warrant is a contract that gives someone the right to buy or sell a security at a certain price before a specific date. It’s a type of derivative, similar to an option, which is a financial contract that derives its value from an underlying asset.
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.
Stagflation is an especially difficult economic environment created by the combination of several factors: slow economic growth, high inflation, and a high unemployment rate.
A SIMPLE IRA — short for Savings Incentive Match Plan for Employees IRA — is a retirement plan designed for small business owners and their employees to save for retirement.
A solo 401(k), also known as a one-participant 401(k) plan, is for a company with no employees. A solo 401(k) shares all the characteristics of any other 401(k) plan, but it only covers the business owner and their spouse.