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Bonds Enabling Annual Retirement Savings (BEARS)

The financial definition for Bonds Enabling Annual Retirement Savings (BEARS):

Holders of BEARS receive the face value of bonds underlying call option, which are exercised by CUBS (an acronym for Calls Underwritten by Swanbrook). If the calls are exercised by CUBS, BEARS holders receive the total of the exercise price.




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Debt retirement
The complete repayment of debt. See: Sinking fund.


Employee Retirement Income Security Act (ERISA)

Employee Retirement Income Security Act (ERISA)
The law that regulates the operation of private pensions and benefit plans.


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A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred.


Further Suggestions

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