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Business Math Ch. 7
Vocabulary
| Question | Answer |
|---|---|
| Retirement Investment | Individual Retirement Account (IRA) |
| The price at which a stock or bond is sold; the price or value of an item in the open market. | Market Price |
| When the amount of market value of a bond is less than the par value. | Bond Discount |
| When the market value of a bond is more than par value. | Bond Premium |
| The value of a mutual fund share found by dividing net assets of the fund by outstanding shares. | Net Asset Value |
| An investment company that buys stocks and bonds of other companies. | Mutual fund |
| Written promise to repay the money loaned on the due date. | Bonds |
| Pays a portion of the income you lose if you cannot work due to a health condition or injury. | Disability Insurance |
| Supplements basic health coverage. Designed to help pay the hospital costs or other health care expenses due to a major illness or injury. | Major Medical Insurance |
| Protects policyholder form financial loss due to illness. | Health Insurance |
| A way of protecting your family from financial hardship when you die. | Life Insurance |
| When the insured and the insurer share losses or costs. | Coinsurance |
| The value of an insurance policy if it is canceled; cash surrender value. | Cash Value |
| Found by dividing the bond's annual interest income by the bond's price. | Current Yield |
| The amount of cash you originally invested plus anything you spend for improvements. | Capital Investment |
Created by:
acopper
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