Home » Business Terms Dictionary » Coverdell Education Savings Account

Definition Of Coverdell Education Savings Account:

Coverdell Education Savings Account A special individual retirement account opened on behalf of a child under age 18.
Annual contributions may be made by anyone who meets specified income limits. Contributions are not tax-deductible, but earnings grow tax-deferred until withdrawn. Money withdrawn prior to the child turning age 30 to pay for elementary, secondary, or postsecondary education expenses after high school is not subject to federal income tax. Formerly called Education IRA.

Other Definition Of Business Terms:

Covered Call Option
Covered Put Option
Cpa
Cpcu
Cpi
Cqs

Browse Business Terms By First Letter:

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z |

Browse Business Dictionary By Category:

Main | Business | Accounting | Insurance | Economic | Real Estate | Metal Trading | Trading | Business Agreement | Industry | Marketing | Human Resource | Transportation | Environment | Quality Control | Ecommerce | Inventory Control | Business Communications | Logistics | Customer Relation |