Signature Card - A form, executed by an account holder, establishing account ownership and setting forth some of the basic terms of the account and provisions of the deposit contract. Simplified Employee Pension Plan - A plan by an employer to make contributions toward an employee's retirement income. The employer makes contributions, up to the annual contribution limits, directly to an IRA set up by an employee with a qualified financial institution. The number used to identify an individual or entity for federal income tax purposes. A title policy is issued which insures against defects in the title.
Title insurance is for the buyer s and lender s protection.
Traditional IRA - Created by Congress in 1974 as a means to supplement an individual s income at retirement. Earnings are tax deferred. Trust Account - An account established under a trust agreement containing funds administered by a trustee for the benefit of another person or persons. This type of transfer is not subject to any time or frequency restrictions. Uncollected Funds - Funds that have been deposited in an account or cashed against an account by a check that has not yet been cleared through the check collection process and paid by the drawee bank.