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Personal Finance 4
vocabulary review
| Term | Definition |
|---|---|
| deductions | amount subtracted from gross pay |
| depreciation | loss in value of a consumer good during its lifetime often associated with appliances and vehicles |
| direct investments | investments in which the investor holds legal title to a property |
| discharged debt | a debt that is no longer owed after declaration of bankruptcy |
| discretionary income | money that is left over when the bills have been paid |
| disposable income | money left after all deduction (taxes, social security, etc) are withheld from gross pay |
| diversification | holding a variety of securities so an occasional loss in one can be offset by gains in others |
| dividends | distribution of money or stock that a corporation pays to stockholders |
| dollar-cost averaging | the process of making regular payments or investing the same amount periodically |
| Dow Jones Industrial Average | an indicator of 30 industrial stock prices used to measure the general level of stock prices |
| down payment | an amount given as security for a loan to ensure that other remaining payments will be made |
| drafts | checks used to withdraw money from an account |
| due date | the date payment is due to a creditor |
| early withdrawal penalties | fees charged to depositors who take money from their account before a minimum time period has expired |
| earnings per share | a corporation's after-tax earnings divided by the number of shares of common stock outstanding |
| electronic fund transfer systems | a variety of systems and technologies for transferring funds electronically rather than by check |
| Equal Credit Opportunity Act (ECOA) | forbids discrimination in granting credit because of age, sex, marital status, religion, race, color, national origin, or receiving public assistance |
| face value | the amount a bondholder will be repaid when the bond matures or is due |
| Fair Credit Reporting Act | consumers' rights are protected when collecting and reporting information when applying for credit, insurance, and employment |
| family of funds | a mutual fund account that allows you to choose more than one type of mutual fund and switch back and forth |
| finance charge | percentage charge applied to the daily or monthly balances a described in the credit agreement |
| financial advisers | trained professional planners who give overall investment advice |
| financial markets | markets that direct savings into money-type assets: commercial banks, savings and loans, credit unions insurance companies,etc |
| fixed expenses | expenses that remain constant |
| fixed interest rate | an interest rate that does not change |
Created by:
SusieQ60
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