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Glossary

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 _
Compensation
The amount of a participant’s wages while employed at a YMCA that is subject to federal income tax withholding or wage reporting (on IRS Form W-2). Compensation also includes pre-tax salary reduction amounts contributed by the YMCA to certain benefit plans on behalf of the employee.
 
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Contribution
Money sent to the YMCA Retirement Fund, either by an individual YMCA or as a payroll deduction or lump sum from an employee.
 
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Corporate Bonds
Lending to a private corporation. Bonds are issued at a particular interest rate and include a specific maturity date at which time the principal will be repaid.
 
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Current Loan Balance
Your current loan balance includes any remaining outstanding principal on your loan. It may also include interest on payments that are due, but not yet paid.
 
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