Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
See qualified plan.
A non-qualified plan is a retirement plan in which your taxes are not deferred (i.e., you don't get tax breaks while contributing to the fund). Instead, when you're old and grey and taking money out of the account, that's when you get the breaks.
Which is good, since that's when you'll probably be complaining about the cost of everything anyway... arewerite?