The TGLP was instituted in 2008 by the FDIC during the worldwide banking crisis. The TGLP was one of many government interventions that resulted from the determination by the U.S. Treasury and Federal Reserve that the severe systemic risk warranted unprecedented action. Under the program, the FDIC increased its insurance coverage for depository accounts held at certain financial institutions, and also leant its guarantee to certain unsecured credit obligations of those institutions, most notably certificates of deposit and commercial paper. These two separate programs were known as the Transaction Account Guarantee Program and the Debt Guarantee Program |||The TGLP was conceived to avert the two most immediate threats to the U.S. financial system. The first was the confidence of the public in the integrity ot their depositary institutions. The second threat was the disintegration in the interbank and short-term credit markets causing such a liquidity crisis that several major institutions went bankrupt.
The electronic filing system for the disclosure of documents of public companies and mutual funds across Canada. |||SEDAR is the Canadian version of EDGAR (SEC filings). SEDAR provides a user friendly website that allows easy access to thousands of public documents that publicly traded companies must release. SEDAR is an excellent source for investors who are performing fundamental analysis on Canadian publically traded companies.
An organization that is specifically set up for teachers to help with or manage retirement planning. Because there are individual teacher retirement systems set up for each state, there are differences in what they each offer. For the most part, the organization helps arrange retirement benefits for its member and their beneficiaries. |||As part of the retirement program, members make regular contributions to their retirement accounts. The funds that are contributed are then invested and managed. The teacher retirement system also offers disability and death benefits to its members and ensures the responsible distribution of the benefits.
The maximum growth rate that a firm can sustain without having to increase financial leverage. Calculated as: ROE x (1 - dividend-payout ratio) |||The sustainable growth rate is a measure of how much a firm can grow without borrowing more money. After the firm has passed this rate, it must borrow funds from another source to facilitate growth.
A loan provided by a third party against a taxpayer's expected refund. The tax refund anticipation loan is not provided by the U.S. Treasury or the IRS and is subject to the interest and fees set by the lender. These loans are most often offered by large tax preparation companies to taxpayers expecting refunds of a few thousands dollars or less. |||Refund anticipation loans (RAL) can be very expensive relative to the short-term benefit they provide. The interest may seem small (3-5% of the refund amount), but can be much more when additional fees and charges are considered. Thanks to the increased use of electronic filing and direct deposit, most refunds now only take a few weeks to a month to process. Thus, if a taxpayer is not in immediate need of the funds, it generally makes financial sense to avoid using a tax refund anticipation loan.
A technical analysis indicator developed by Worden Brothers Inc. that segments a stock's price and volume according to time intervals. The price and volume data is then compared to uncover periods of accumulation (buying) and distribution (selling). |||This indicator is similar to on-balance volume because it measures the amount of money flowing in or out of a particular stock.
A nonprofit organization that provides investment and insurance services for those working in education, medicine, culture and research. TIAA-CREF, short for Teachers Insurance and Annuity Association - College Retirement Equities Fund, has a history that dates back to the late Andrew Carnegie, whose Carnegie Foundation for the Advancement of Teaching created the initial organization in order to service the pension needs of professors. |||As of late 2005, the TIAA-CREF had more than 15,000 clients, amounting to more than $360 billion in assets under management. Its clients are predominantly institutional and come from the nonprofit and educational sectors. The firm started as a pension administration business, and the core operations of the TIAA-CREF remain geared toward retirement plan administration and a line of annuity products.
A retirement savings plan created by the Federal Employee's Retirement System Act of 1986 for current or retired employees of the federal civil service. The thrift savings plan is a defined-contribution plan designed to give federal employees the same retirement savings related benefits that workers in the private sector enjoy with 401(k) plans. Contributions to the plan are automatically deducted from each paycheck. |||The thrift savings plan offers six different funds (government security fund, fixed-income fund, common stock fund, small cap stock fund, international stock fund and a life cycle fund) in which employees can invest. Benefits include agency matching contributions, agency automatic contributions, catch up contributions and low expense ratios. Because the thrift savings plan is based on tax-deferred contributions, any contributions made into it will not be taxed until the money is withdrawn, which can be deferred until retirement. Similar to standard retirement plans, employees can easily move non-government related IRAs and 401(k) plans into the thrift savings plan and vice versa upon employment changes.