Tax credit – An income tax credit that directly reduces theamount of income tax paid by offsetting other income tax liabilities.
Tax deduction – A reduction of total income before the amount of income tax payable is calculated.
Technical analysis – A method of evaluating future security prices and market directions based on statistical analysis of variables such as trading volume, price changes, etc., to identify patterns.
Term insurance – Temporary life insurance that covers the policyholder for a specific time. It does not build up cash value and where the premium normally increases as the insured gets older.
Term to 90 annuity – An annuity that pays a fixed amount each year until it is exhausted in the year that the annuitant turns 90.
Third Party Administrator (TPA) – An organization responsible for marketing and administering small group and individual health plans. This includes collecting premiums, paying claims, providing administrative services and promoting products.
Trust – An instrument placing ownership of property in the name of one person, called a trustee, to be held by the trustee for the use and benefit of some other person.