Small Business Encyclopedia
Letter: K
KEOGH Plans
A pension plan that lets business owners contribute a certain portion of their profits or a predetermined annual contribution to a tax-sheltered account, where the funds grow until retirement
Key Person Insurance
Life insurance on a key employee, partner or proprietor on whom the continued successful operation of a business depends. The business is the beneficiary under the policy.
Kiosks
A small, enclosed stand from which merchandise is sold, often placed in the common area of a shopping center or public concourse
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