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-K-

• Key industry � An industry that plays a critical role in a nation's economy.


• Key man (or woman) insurance � Life insurance policy purchased by a company to insure the life of a key executive. The company is the beneficiary in case of the executive's death.


• Kickback � In the context of finance, refers to compensation of dealers by sales finance companies for discounting installment purchase paper. In the context of contracts, refers to secret payments made to insure that the contract goes to a specific firm.


• Keogh Plan � Tax-deferred retirement plan for self-employed individuals who can deposit up to 20 percent of earnings and deduct the contributions from current income. Funds are taxed at withdrawal, which is restricted until age 59�.