Glossary

Glossary definitions provided in part by the Jump$tart Coalition for Personal Financial Literacy.

Qualified Higher Education Expenses: Means tuition, room and board (subject to certain limits), fees, books, supplies and equipment required for enrollment or attendance of the Student at an Eligible Educational Institution, all within the meaning of Code Section 529(e)(3).

Qualified Higher Education Withdrawal: A withdrawal from an Account to pay the Qualified Higher Education Expenses of the Student.

Qualified Withdrawal: A withdrawal from an Account to pay the Qualified Higher Education Expenses of the Student.

Rain Check: A document assuring that a customer can take advantage of a sale later if the item or service offered is not available.

Rate of Return : Annual earnings on an investment expressed as a percentage of the amount invested; also known as yield. Example: A $3 annual dividend divided by $34 share cost = 0.088, an 8.8% rate of return.

Rational Belief : An assertion, claim or expectation about reality that is accurate and true. Noted as and &"B"; in the Rational-Emotive Model, A-B-C-D. (See Rational-Emotive model)

Rational-Emotive Model : The concept that our emotions, thoughts, and behaviors result from our beliefs, not by the events that occur in our lives. Therefore, it is of utmost importance for our beliefs to be healthy and rational, because the consequences of these beliefs will be emotional growth and long-term happiness. When our beliefs are irrational, or emotional life surfers, marked by negative emotions, and our behaviors are self-defeating.

Rebalancing: The process of selling assets that have appreciated in price and replacing them with assets that have depreciated in price.

Recordkeeping: The process of keeping an orderly account of a person's financial affairs, including income earned, taxes paid, household expenditures, loans, insurance policies, and legal documents.

Regressive Tax : A tax in which the proportion of one's income that one pays in taxes is larger for people that are poor. An example of a regressive tax is the sales tax.

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