Active Participant

Definition

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

Synonyms
grantee, beneficiary, 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.