KEOGH Definition

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KEOGH is a pension plan in the United States that allows a business to contribute a portion of profits into a tax-sheltered account.

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PAY CYCLE is a set of rules that defines the criteria by which scheduled payments are selected for payment creation, e.g., payroll may be on a weekly, bi-weekly, or monthly pay cycle.

JOINT ACCOUNT is a financial account owned by two or more persons who share equally in the rights and liabilities of the account.

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