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Personal Finance Glossary

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Immediate Annuity
Current TermIncentive Stock Option
Incontestable Clause
Increasing Term Insurance
Index Funds
Individual Retirement Account (IRA)
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Initial Public Offering
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Introductory Annual Percentage Rate (APR)
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Incentive Stock Option
A type of stock option that allows an employee to buy shares of an employer's stock at a preestablished price. If the shares are held for a longer period of time, the sales price will reflect a favorable tax treatment.

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