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Income Fund 
   A mutual fund that seeks to provide stable current income by investing in securities that pay interest or dividends.

Individual Retirement Account (IRA) 
   A retirement investing tool for employed individuals that allows an annual contribution of 100% earned income up to a maximum of $2,000. Some or all of the contribution may be deductible from current taxes, depending on the individual’s adjusted gross income and coverage by employer-sponsored qualified retirement plans. 

Initial Public Offering (IPO) 
   The first sale of common stock by a corporation to the public.

Investment Advisor 
   Any person who makes investment recommendations in return for a flat fee or percentage of assets managed. For investment companies, the individual who has the day-today responsibility of investing the cash and securities held in the fund’s portfolio in accordance with the objectives stated in the fund’s prospectus.

Investor 
   The purchaser of an asset or security with the intent of profiting from the transaction.

IRA Rollover 
   The reinvestment of assets that an individual receives as a distribution from a qualified tax-deferred retirement plan into an individual retirement account within 60 days of receiving the distribution. The individual may reinvest the entire sum or a portion of the sum, although any portion not reinvested is taxed as ordinary income.