Top-heavy

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Top-heavy

At a price level where supply is exceeding demand. See: Resistance level.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Top-Heavy

Informal; describing a security trading at a price at which there are more sellers than buyers. Because there is a lack of demand at the top-heavy price, the security is likely to undergo a price correction. See also: Resistance level.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
For the additional qualification requirements applicable to top-heavy plans, see Q 355.
Under the Act, a safe harbor 401(k) plan is automatically considered not to be top-heavy (even if it primarily benefits certain key employees) and, thus, will no longer be subject to the minimum contribution and vesting standards of top-heavy plans. This provision is effective for plan years beginning after December 31, 2001.
(3) Faster vesting is required for top-heavy plans and for the match portion of traditional 401(k) plans.
Tax policy principles governing qualified plans are presented for defined-benefit plans, defined-contribution plans, the participation of individuals in more than one plan and top-heavy plans. The present tax treatment of contributions by the employer and employee to both retirement systems and special retirement arrangements authorized under the tax code is examined, followed by a review of the tax treatment of distributions from those plans.
Such exclusions may significantly reduce the cost of employer contributions, particularly in money purchase plans, defined benefit plans and top-heavy plans.
A SEP plan is also subject to the minimum contribution rules on top-heavy plans.