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Chapter 9 Vocab
Chapter 9
Term | Definition |
---|---|
Stock Market | system for buying and selling stocks in corporations |
Bull Market | a long period of rising stock prices |
Speculation | act of buying stocks at great risk with the anticipation that the prices will rise |
Margin | buying a stock by paying only a fraction of the stock price and borrowing the rest |
Margin Call | demand by a broker that investors pay back loans made for stocks purchased on margin |
Bank Run | persistent and heavy demands by a bank's depositors, creditors, or customers to withdraw money |
Installment | regular periodic payment made to pay off the cost of an item when buying it on credit |
Bailiff | minor officer of the courts |
Hobo | a homeless and usually penniless wanderer |
Soap Opera | a serial drama on television or radio using melodramatic situations |
Public Works | projects such as highways, parks, and libraries built with public funds for public use |
Relief | aid in the form of money or supplies for those in need |
Foreclose | to take possession of a property from a mortgagor because of defaults on payments |