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8.01Personal Finance

Savings And Investing

Save To set aside present income for future use.
Invest To put money to work earning interest over time.
Profit Money remaining in a business after expenses are paid.
Interest Money paid for the use of someone else's money over a period of time.
Return The income that can be made on an investment.
Liquidity How easily an asset can be converted into cash.
Volatility How easily the interest or cash value of an investment can change.
Risk The possibility of earning or losing money from an investment.
Transaction A saving/investing activity---e.g., deposits, withdrawals, and transfers.
Savings Account An account in a bank/financial institution for saving, making deposits/withdrawals.
Money Market A savings account in which deposits are invested to yield additional earnings.
CD A certificate of deposit stating money has been deposited for a specific time.
Savings Bond A debt certificate issued by the U.S Treasury that is not transferable.
IRA An individual retirement account used to save money for retirement.
Koegh Plan A tax-deferred retirement plan for self-employed people.
Roth IRA A personal savings plan; contributions are not tax-deductible; earnings are tax-free.
Stock A share of ownership and interest in the assets and earnings of a company.
Common Stock Stock in a public corporation; returns vary, but higher risk.
Preferred Stock Stock with fixed dividends, less risk.
Blue Chip Stock Stock from large companies, less risk.
Growth Stock Stock from growing companies, more risk.
Penny Stock Stock that costs less than $1 per share; extremely high risk.
Bond A certificate of debt given by a company or government that entitles the bondholder to the original amount plus interest paid by a set date.
Mutual Fund A group of investments held in common with shares owned by individual investors.
Created by: mooreja4

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