Immediate Family

AAA

DEFINITION of 'Immediate Family'

A person's smallest family unit, consisting of the closest relatives, such as parents, siblings and children. Immediate family may contain both biological relatives and those related through marriage, such as a brother-in-law. Exact inclusions for the immediate family may differ depending on the defining party.

INVESTOPEDIA EXPLAINS 'Immediate Family'

A variety of rules and legislation related to one's immediate family. The Financial Industry Regulatory Authority (FINRA), formerly the NASD, prohibits the sale of hot issues to immediate family members, as stated in the Rules of Fair Practice. Additionally, rules governing one's immediate family are noted in FINRA's concepts of withholding and free-riding.

Insurance policies and tax legislations also have provisions relating to immediate family members.

RELATED TERMS
  1. Rules Of Fair Practice

    A set of rules and regulations developed by the National Association ...
  2. Life Insurance

    A protection against the loss of income that would result if ...
  3. Breadwinner

    The primary, or sole, income earner in a household. Breadwinners, ...
  4. Withholding

    The portion of an employee's wages that is not included in his ...
  5. Beneficiary

    Anybody who gains an advantage and/or profits from something. ...
  6. Financial Industry Regulatory Authority ...

    A regulatory body created after the merger of the National Association ...
Related Articles
  1. Home & Auto

    Exploring Advanced Insurance Contract Fundamentals

    Understanding your contract can help you protect our family's financial security.
  2. Budgeting

    What Are You Teaching Your Kids About Money?

    Your approach to your finances could determine your children's financial success.
  3. Home & Auto

    Life Insurance Clauses Determine Your Coverage

    Understanding these key parts of your policy will help you to ensure that your family will be covered.
  4. Budgeting

    Handling Family Looking For A Handout: It's Elemental

    If your siblings tend to you for money, head them off tactfully by teaching their kids about finance.
  5. Budgeting

    Kids Or Cash: The Modern Marriage Dilemma

    It now costs nearly $300,000 to raise a child for 18 years. Are you sure you're up for it?
  6. Personal Finance

    Father's Day Gifts For Wall Street Dads

    Step out of the box and buy your father a gift he'll really love.
  7. Economics

    The Economic Impact of Better US-Cuba Relations

    We examine what the normalization of relations between the US and Cuba will mean for the two countries' economies.
  8. Savings

    I’m twice divorced –-can I still collect spousal benefits?

    Unsure if you’re eligible for spousal benefits if you’re divorced –more than once? Rob Kron from Blackrock gives a simple answer.
  9. Forex

    Bitcoin's Main Stumbling Block: Navigating The Law

    Coders created Bitcoin to be decentralized and independent of governments and banks. Authorities are still struggling to create a legal framework.
  10. Credit & Loans

    5 Things Debt Collectors Can't Do To You

    You may owe money, but you still have rights. There's a long list of things debt collectors are banned from doing to you. Know what's illegal.

You May Also Like

Hot Definitions
  1. Weather Insurance

    A type of protection against a financial loss that may be incurred because of rain, snow, storms, wind, fog, undesirable ...
  2. Portfolio Turnover

    A measure of how frequently assets within a fund are bought and sold by the managers. Portfolio turnover is calculated by ...
  3. Commercial Paper

    An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories ...
  4. Federal Funds Rate

    The interest rate at which a depository institution lends funds maintained at the Federal Reserve to another depository institution ...
  5. Fixed Asset

    A long-term tangible piece of property that a firm owns and uses in the production of its income and is not expected to be ...
  6. Break-Even Analysis

    An analysis to determine the point at which revenue received equals the costs associated with receiving the revenue. Break-even ...
Trading Center