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Personal Finance
Money
Term | Definition |
---|---|
Annuity | Savings account with and insurance company |
Aggressive Growth Stock Mutual Fund | Stocks for companies who demonstrate high growth potential |
Bond | Debt to be paid by a government or corporation to a holder and usually bearing a fixed rate of intere |
C.D. | Certificate of Deposit |
Commodity | an article of trade or commerce |
Diversification | Don't put all your eggs in one basket. don't invest all your money in one stock |
Dividend | a sum of money paid to shareholders of a corporation out of earnings. |
Fixed Annuity | Low interest rate of around 5% |
Liquidity | How often you can dip into your money/account |
Investments | gain profitable returns, as interest, income, or appreciation in value. |
Mutual Funds | Investors pool their money to invest |
Large Cap fund | 25% Growth and Income |
Money Market | an investment company that issues shares continuously and is obligated to repurchase them from shareholders on demand. |
Mid-cap fund | 25% growth |
Risk | The chance of losing all your money |
Risk/Return Ratio | As the risk goes up, so does the potential return. Risk goes down so does return |
Savings Account | accounts that have little interest and cannot be dipped into whenever |
Share | one of the equal fractional parts into which the capital stock of a joint-stock company or a corporation is divided. |
Single Stock | Buying a small piece of a company |
Small-cap fund | 25% Aggressive growth |
Speculative | pertaining to |
Track Record | Set amount of time records have been tracked |
Variable Annuity | Mutual funds sheltered by the annuity covering, allowing the mutual fund to grow tax-deffered |
New York Stock Exchange | Largest stock exchange company by market capitalization |
American Stock Exchange | A mutual organization |