Active Participant

Definition

  • Refers to an individual who chooses to participate in an employer's retirement plan.

Synonyms
beneficiary, grantee, recipient

Related Terms and Acronyms

  • Empty Nesters Definition,
    • Men or women whose children have grown up and moved out and who might be in the market for a smaller house.
  • Registered Retirement Savings Plan (RRSP) Acronym, Canada, Very Important,
    • A savings plan introduced by the federal government to encourage Canadians to save money for retirement. The investment and the interest earned on it is sheltered: it will not be taxed as long as it is left in the plan.
    Tax deferred investment contribution used to reduce income tax.
  • Reverse Mortgage Definition, Important,
    • A loan that allows an older homeowner to convert built-up equity into cash. The loan comes due when the owner dies, sells the house or moves out.
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