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Chapter 8

TermDefinition
Bond A written promise to pay a debit by a specified date
Certificate Of Deposit A deposit in a savings institution that earns a fixed interest rate for specified period of time
Compound Interest Interest paid on the pays for damage to your car caused by something other than a collision, such as damage from storms, vandalism, and theft
Dividend Portion of a company's profits paid to the owners
Principal(Savings) Money on deposit
Simple Interest Interest paid one time per year at the end of the year on the average balance in the savings account
Created by: Ortizj41
Popular Economics sets

 

 



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