Qualified

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Qualified

Describing any investment vehicle eligible for favorable tax treatment. In general, the personal income placed in a qualified vehicle is exempt from taxation until withdrawal. This increases the return on investment of that income. Common qualified vehicles include retirement plans and education trusts.
References in periodicals archive ?
the new holding company, will offer shares in a subscription offering to certain deposit holders of FloridaFirst Bank and to the Bank's tax qualified employee stock benefit plan (ESOP).
LTC 123 plans are tax qualified and, like all CNA long-term care products, come with a 10-year rate guarantee.