PERSONAL FINANCE GLOSSARY

Tax Deferral

Tax-Deferred Interest

Tax-Free Exchange

Taxable-Equivalent Yield

Technical Analysis

Term Life Insurance

Term Of Policy

Third-Party Owner

Tick

Time Deposits

Title

Title Search

Total Return

Trade Sizes

Trading Halt

Traditional IRA

Transaction

Travel Accident Insurance

Traveler's Message Service

Treasury Bills

Triple-Witching

Trust

Trustee

Turnover (Securities)

Twisting

The non-taxable exchange of a non-qualified annuity for another annuity, as allowed under IRS Code Section 1035. The exchange is handled directly by the two insurance companies involved, without the annuity owner actually taking receipt of the funds.